Two Takes on the Rise of Pseudo-Banks
A Planet Money episode and fintech Substack have some alarming news about the financial perils of the app-based banking economy
I knew I was going to be writing about a Planet Money episode today before I’d hit the halfway mark on “The hidden world behind your new ‘banking’ app”—but when I listened to the end, and heard the NPR report credit a Substack called
by Jason Mikula, I knew the story was also going to be a whole lot more fascinating. And boy howdy, did I ever miss a ma…Keep reading with a 7-day free trial
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