and then at the fdic we have quite a lot of mortgage activity. sen. tillis: you have experience working with cfpb staff? mr. mckernan: i was detailed there for a short time. sen. tillis: do you have experience at the financial -- federal financial regulator? mr. mckernan: as a manager of the board of directors i got to know my counterparts and the folks at the fdic. sen. tillis: do you have experience working with others in senior leadership positions and financial regulator regardless of your political affiliation to address complex banking and immune example as -- if you can? mr. mckernan: acting comptroller sue oversaw the investigations to replace culture matters which earned a lot of respect on a bipartisan basis and then i worked with the director to address gaps in the fdic's monitoring of large investments in the banking institution. sen. tillis: may be added to that, i believe that the record indicates that you have also worked on workplace and cultural issues at the institution could you tell us about that? mr. mckernan: after the report, i

tbridge bank, y también estamos asociados con mastercard, pero el banco de bridge bank es un banco del fdic sí, exactamente, o también para cambiar el cheque, uno no tiene que pagar esos servicios; ah, y como te digo, es más fácil y es más seguro tener esa cuenta, especialmente en estos tiempos. damián trujillo: estamos viendo ahí en pantalla algunas de las fotos que nos mandaron ustedes, los caballeros ahí, con sus tarjetas, que ya las tienen ahí disponibles; y la cuenta también se puede abrir, bajar la aplicación en el teléfono, ¿verdad?, para poder tomar cuenta en qué he gastado el dinero. salvador chávez: sí, primeramente, pueden ir a nuestra página de internet que es www.prosperos.ai o nos pueden llamar al 831-595-9848, pero si pueden bajar las aplicaciones de nuestra página, y de ahí van al app store de apple store o el google play store, para descargar las aplicaciones a su teléfono. damián trujillo: perfecto, tenemos como 20 segundos, chava, algo más que quieras agregar. salvador chávez: pues no más muchas gracias por invitarme, estamos aquí para apoyar la comunidad latina, y tambié

and this bank is a fdic bank account so it's, you know, insured up to $250,000 and that's very safe and you want to make sure if you're sending your weekly or monthly earnings to families back in latin america and it's a $500 do--you know, i don't want to say donation but a gift to your family, you don't want to be paying $550, $600. you want to make sure they get the $500 at no cost to you. salvador: correct. and that's the advantage that we have. the way that we make money is on the card that they use. so every time they use that card at any local merchant like safeway, a walmart, a target, we actually get a percentage of that transaction fee, and that's how we monetize this business. but what's really nice about our service, what we see users really like is when they send the money to their family member, given that their other family member has a card in the other country, they actually see how the family member is spending the money. now, when they're going to the other remittance services like western union, wise, remitly, you know, a variety of them, those are cash pickups. so th

one of the things that comes out of the first hundred days is known as the fdic, the federal deposit insurance corporation, in which the government sort of backstops your deposits. so if your bank fails, the federal government will step in and you'll your money, you won't lose your life savings. and so there's just so much more in the system. and it's also the case, like we use a lot of digital money now. we're no longer on the gold, but at the time there was a real limit to money supply. and when there were runs on that money was taken out of the system. in some ways. and so there was this real concern that nation was running out of paper money. it was running out of gold, and that shrinking the economy. and we don't have to worry about those kinds of things these days. we have other concerns, but just the structure of the financial system and the lack of regulation and makes it look very different from what it looks like today. did fdr close the banks via executive order and what was the public reaction? so yes, he first sort of declares it to a bank holiday and he does that throug

one of the things that comes out of the first hundred days is known as the fdic, the federal deposit insurance corporation, in which the government sort of backstops your deposits. so if your bank fails, the federal government will step in and you'll your money, you won't lose your life savings. and so there's just so much more in the system. and it's also the case, like we use a lot of digital money now. we're no longer on the gold, but at the time there was a real limit to money supply. and when there were runs on that money was taken out of the system. in some ways. and so there was this real concern that nation was running out of paper money. it was running out of gold, and that shrinking the economy. and we don't have to worry about those kinds of things these days. we have other concerns, but just the structure of the financial system and the lack of regulation and makes it look very different from what it looks like today. did fdr close the banks via executive order and what was the public reaction? so yes, he first sort of declares it to a bank holiday and he does that throug