>> no. >> like the board at the fdic? >> the board found, i would indicate that we shared responsibility as a supervisor. >> you and your colleagues ought to hide your head in a bag. this is no country for creepy old man. and they got no place at the fdic. and this wasn't a new flash for you. you had a 2020 report and you settled with the board. you didn't do anything. and your colleagues didn't do anything. mr. barr, let me ask you about basel three. i know you know this. about half of our credit come from nonbanks. is it your increase in capital just going to make credit more expensive for banks. >> senator, of the capital increase is mostly in non- lending activities of banks with respect to credit, we expect the credit to have only a very modest effect on the price of credit. if all of the operational credit risks >> you would state your reputation on that? >> i believe the analysis is correct. we are very open to comments. if people have other analysis, it would make better judgment. >> the banks that went broke last

what is going on at the fdic? >> is a troubling question senator i write the report and as i indicated earlier it is deeply disturbing and troubling. we are going to bring all the resources of the fdic to bear to understand what is going on. what has occurred and how we can most effectively address it. >> have you ever -- how long have you been at the fdic? or to join the board as a member in august of 2005. looks almost 20 years then? >> yes, sir. have you ever sexually harassed an employee at the fdic? >> no, sir. >> apparently you are the only one. i find this incredible. a former female employee recalled her mail colleagues single women needed to use sex to get ahead at the fdic's as they stared at her. did you read that? >> i did senator byrd. >> according to one young woman it was just an accepted part of the culture. one of the female examiners received a photo of a colleague's. during a lunch with an examiner another young female employee who had become friendly with this person she was having lunch with,

since you have been a director on the fdic board, were you ever made aware of the july 2020 fdic office of inspector general report on sexual harassment charges that were happening at fdic? >> i can't recall, but i did review, prior to coming to the board, all of those reports that the inspector general and others had. >> had they run you through those in the board? who made you aware of those? >> well, prior to being confirmed, i personally reviewed all of those for the cfpb and others as well, to prepare. i do have periodic discussions with the inspector general about that. with respect to implementing any recommendations, the executives of the corporation do file periodic reports about where things are, so we try our best to ascertain where the issues are. >> are you alarmed by the fdic and oig's findings of underreporting and fear of retaliation in the fdic? >> yes. and in fact, at the cfpb, we implemented new steps to make sure that there were many ways for employees to report these issues ask a risk management perspective, you want to make sure you get these complaints. every agen

this is something that i learned at fdic and it carries very. we have seen the ills of the past through the great recession where irresponsible lending took place. banks failed across the country. people lost their homes. when you think about access to credit, you think about those programs that are no longer available, i get 0% down or whatever, just your responsible. when you have people who have loans they do not understand, cannot afford, they lose their homes, services news, investors lose. they have to move out of their homes. it is not a positive outcome for anybody. we can have affordability and accessibility, but it has to be in the boundaries of safety and soundness. we cannot have people who do not have the ability to repay the mortgage that they took out. at the end of the day, everything that we do has to be based on safety and soundness. if you go strictly on never having a loss work making sure that everybody has perfect everything, you would never make a loan. or maybe one or two. there are judgments to be made. i get a lot of fl

this is something that i learned at fdic and it carries very. we have seen the ills of the past through the great recession where irresponsible lending took place. banks failed across the country. people lost their homes. when you think about access to credit, you think about those programs that are no longer available, i get 0% down or whatever, just your responsible. when you have people who have loans they do not understand, cannot afford, they lose their homes, services news, investors lose. they have to move out of their homes. it is not a positive outcome for anybody. we can have affordability and accessibility, but it has to be in the boundaries of safety and soundness. we cannot have people who do not have the ability to repay the mortgage that they took out. at the end of the day, everything that we do has to be based on safety and soundness. if you go strictly on never having a loss work making sure that everybody has perfect everything, you would never make a loan. or maybe one or two. there are judgments to be made. i get a lot of fl

fdic, the fed, the treasury department, did they do the right thing? oh, i don't think they had any choice at that point. i actually i was on when i worked at w ross. we rescued probably 15 different banks. and after the crisis and i was on a couple of the bank boards in the us actually virgin money in the uk and it was a failure of the regulators and we had too many regulators and you know, the fed, the fdic, you know cc state regulators in, you know, sometimes they get in the way of each other. but i think it was very much governance failure. i cannot imagine that the boards of those two institutions and actually know the chairman of the signature bank pretty well i can't imagine that when the fed and is mainly silicon valley started to say that there were problems, that they didn't do anything about it, that that was a big failure on their part, but it got to the point that it there was no other choice. and, you know, that happened in oh eight. you know fannie and freddie and it happened with a lot of banks in 0809 or ten and 1010 2010. you know i'm

this is your tax dollars at w work, rampant sexual harassment at the fdic's and teachers union chief randi weingarten get school for asking why explosive growth in homeschooling? people are saying look in the mirror. more white house aide subpoena the impeachment employee plus the trump team battles to televise 2020 trial. did you see this? center mark twain : almost jigsaw with teamsters boss at the senate hearing. i am elizabeth macdonald, "the evening edit" starts right now. ♪ joining us now retired u.s. army brigadier general anthony, served 28 years. the acting undersecretary of defense also with us retiring u.s. air force brigadier general robert spalding. general welding served 25 years, former top china strategist for the joint chiefs of staff. thank you for joining us. we are showing footage, it looks like it might have been hundreds of thousands, reports are coming in the march for israel, no threats, no talk of violence, no calls for genocide, no death to america, it's a distinction from the other anti- israel protests we are seeing, they are singing the national anthem, w

as a board member of the fdic, will you commit to fully cooperating with any request made by the fdic inspector general regarding their investigation? >> of course. and of course, i would cooperate with all sorts of inquiries on this. >> will you commit to fully cooperating with congressional investigations at the fdic including promptly turning over any requested information and document? >> as always, we will work with you to accommodate your requests. we have the cfpb. i'm a board member. we will do our best to accommodate that. >> thank you. and director chopra, have you ever been investigated for workplace misconduct? >> i have never been the target of an investigation, but there's a lot of other investigations where we cooperate, but i've never been a target. >> do you believe that consumers should have the financial freedom to make their own financial choices as long as loan terms are clearly disclosed? >> yeah. i think that's right. i think we want consumers to have lots of choice and to be able to compare one with the other. i think in the digital economy, there are new issue

but i'm i think we should raise the efforts fdic guarantee but certainly eliminate it and raise to you know unlimed but it's so that was one of the questions should we raise it above the 250 i think it was in dollars probably at this point, but, you know, there are mechanisms and smart people these days, their bankwill, if they have a lot of money, just farm it out to another ten, 20, 30 banks to give them to 50. but i think bmore efficient if it was like 500. but i don't think it should be unlimited because i remember in one of the interviews i did with president bush, we talked about the bank bailout. he said he could have been franklin d roosevelt or herbert hoover, and he chose to be. s, he did. so that was the right thing. that was the right thing. yeah. i mean, the right thing. i mean, you know, the big one was fannie and freddie, actually. i mean, because that happened the weekend before lehman and then, you know, two weeks later that the whole thing was falling apart and tarp was proposed. so let's go back to politics and. this is another question from one of your friends here.

in other words you know what dhec is going on at the fdic. director, this committee is interested in hearing what you knew about the allegations, when you know it in any actions you have taken to remedy the unacceptable situation? this has left many including myself questioning whether the agencies are up to the task of protecting consumers, ensuring the safety and soundness of the financial system. when you are not dealing with internal mismanagement inviting e administration supposedly has independent regulators that are busy serving as political actors for the administration. your leadership is a glaring example of this alarming trend, hyper- partisan agency do the bidding of the white house rather than protecting american consumers. it's much more about election-year politics and about what is right for consumers. the ongoing barrage of press releases is neatly misleading at best they too often paint with a broader brush to vilify sectors of the financial services industry even u.s. financial system as a whole rather than targeting indepe

as a board member of the fdic, will you commit to fully cooperating with any request made by the fdic inspector general regarding their investigation? >> of course. and of course, i would cooperate with all sorts of inquiries on this. >> will you commit to fully cooperating with congressional investigations at the fdic including promptly turning over any requested information and document? >> as always, we will work with you to accommodate your requests. we have the cfpb. i'm a board member. we will do our best to accommodate that. >> thank you. and director chopra, have you ever been investigated for workplace misconduct? >> i have never been the target of an investigation, but there's a lot of other investigations where we cooperate, but i've never been a target. >> do you believe that consumers should have the financial freedom to make their own financial choices as long as loan terms are clearly disclosed? >> yeah. i think that's right. i think we want consumers to have lots of choice and to be able to compare one with the other. i think in the digital economy, there are new issue

financial regulators today took the ones i would p on that list are the federal reserve board, the fdic, t ncua, the farm credit administration, and the fhf. >> general, ud hermaphrodites want to understand follow up on the chief justice's question. dash i'm sorry to interrupt. is that essential feature t the constitution of this provision or could congress passehe same law with no upper limit allowing the executive branch to determine however mh it wished to take? >> site don't think that congress would have to provide statutory specified amount but it would of course have to specify the purpose of the funding. >> budgets on the amount, your three doesn't turn on there being an upper limit? >> are theory doesn't turn on it because -- >> take $1 trillion, if, if you wish to do so. >> no, , because congress itself has specified the direct is limited to the amount the phrase when necessary to carry federal -- >> if the preside dermines that was recently necessary to take $1 a tllion dollars, tht would satisfy your concern. and on the appropriations clause itse has no upper limit constrain

that's wrong as a descriptive matter produce a similar check on the federal reserve board, the fdic, the ncua, the fhfa. all of the entities of regular cannot enter i'm sorry exit the regulatory sphere just because you disagree with regulation. jtice thomas, anything further? justice alito. >> just a couple more questions, possibly. i think you may answer this indirect but itust want to be clear. you think the reference to appropriations in the constitution is equivalt to public money? do you think appropriate funds are the same thing as over end quote public money? >> so i think that funds that te congress is given to an agency to qualify as public money, yea yeah. >> what if somne come what if congress set up an agency with substantial power but provided noethod for the agency to obtain money other than private donations? with it be consistent with the appropriations clause? >> i think that likely would be consistent. that obviously speaks to the question of source and and k congress has chosen different sources over time but it don't think there's anything in the text of the const

> es una plataforma de tecnologÍa que te permite dar acceso a una cuenta bancaria protegida por la fdic, y ahora enfocado en los hispanos, denos tres consejos para poder alcanzar esa riqueza lo mÁs pronto posible. >> claro, hay que recordar las cosas que tienes a tu control, es importante comenzar con una cuenta bancaria que resguarde tu dinero. a travÉs de la cuenta "alza", que estÁ protegida, segundo, hay que minimizar los costos que tÚ tienes en los servicios financieros, utilizar las comisiones, siempre estar buscando. por Último, un servicio que estÉ diseÑado para ti, entonces "alza" estÁ diseÑado para los latinos en estados unidos y esto te ayuda comenzar a guardar para el futuro. carolina: especialmente me encanta que sea en espaÑol, porque en ocasiones vemos aplicaciones que son en ingles, las traduce en espaÑol y luego nadie entiende lo que dice, Ésta fue en espaÑol diseÑada por un mexicano para nosotros. hablando de herramientas, ¿cuÁl serÍa el obstÁculo mÁs grande que tenemos son los latinos, los hispanos en estados unidos para crear riquezas? >> mucho tiene que ver con el co

the occ, fdic, the fed are regular payment institutions for safety and soundness. none of the regulators had a responsibility for promoting technological innovation, competition or really consumer welfare l alone individual or personal privacy. and i would be loath to add number of regulars but there's a discussion to be had about adding to the list of things of regulars had to take account of. the other very important social policy issues. >> yeah. so kind of drawing out a couple of strings from that. you mention ftx which is sort of a poster child for one of the issues a the payment system which is wther the funds are there, right? when i think about institutions facilitating payments that are not anks, i feel like it raises a lot of questions abou how people can be sure that the money actually going to be there and go through. does there need to be -- who should look more io that? will be any good place without? dan, i'll stick with you. >> yeah, i think we should go with the crowd and make this a fedel responsibility. i thinkxisting, i think there's a lot to de

we'll get q3 composite figures next month from the fdic. but remember, many banks took on more bond investments during the pandemic when they were flush with deposits but yields were low. so more recently as yields soared the value of fixed rate bonds plummeted contributed to paper losses for the banks. now, it's unlikely those losses will ever be realized, but it does impact tangible book value in the meantime. so in theory when rates decline tbv growth accelerates. guys. >> leslie, i just want to ask you by follow-up late last week there was a glitch that knocked out part of the banking transfer system. several companies that i'm aware of couldn't pay their workers. what happened and has it been solved? how many were affected? >> yeah, it's pretty interesting, tyler. according to fed -- according to the fed this was due to a processing issue with the electronic payments network will operates the automated clearing house, or ach. that's the group that processes transactions. so on friday customers at wells fargo, jpmorganchase, truist, u.s

as a board member of the fdic we are committed to fully cooperate with any request made by the fdic inspector general regarding their investigation? >> of course and will cooperate with all sorts of inquiries on this. >> thank you, will you commit to fully cooperate with congressional investigation into workplace misconduct, allegations at the at the i see including turning over any requested documentation? >> is always bill work with you to accommodate your request. another agency we have cfpb but you are right i am a bold member we will do our best to accommodate that. >> thankte you and he have you ever been investigated for workplace misconduct? exec never been the target of an investigation. of course where there has been issues there's a lot of ig and other investigations we always cooperate but i've never been targeted. >> do you believe consumers should have the financial freedom to make their own financial choices as long as long-term are clearly disclosed? >> yes i think that is right we want consumers to have lots of choice and to be able to compare one with theea other. i think wi

the federal reserve, board of governors and the fdic ended up not going along with the occ. that rule didn't last a year and now we've got a new rule. there were two republicans on the federal reserve board who voted on this. you got one of them and not the other. >> there are three republicans on the federal reserve board and two of them voted. >> thank you for correcting me. so when you think about this now , we want to have a rule that's going to last. if there's a change in administration and there always is eventually. the pendulum doesn't stop swinging. we want this work to continue. how did that factor into your thinking and do you think you got it right? >> i think we have a terrific rule. not everybody loves every piece of it. any rule involves compromise and adjustment. i think the rule is going to be really durable. i think the rule we have put in place will last many years. it's designed to be flexible, it's designed to be able to adjust as the financial services sector adjusts. it's a balanced reasonable rule. we heard lots of feedback in the comment process tha

where you have made your presence down former fdic chair

about virtual runs and people taking their deposits elsewhere and becoming fbi see seizure material -- fdiceizure material, they are not making months. there are people write about car payments, making rent, health care payments, they will be motivated to get a job and keep a job. the problem is that you need more pain to make this possible. there is a lot of confidence and may people being on the sidelines when unemployment is this low. he would gladly trade 4% employment for this, if fable 2% inflation rate. 2% seems to be any arbitrary target but they are fixated on it. we are told there is a natural rate of unemployment and it seems he is defective saying this should be a natural rate of inflation. host: i always ask what is the magic thing about 2%? guest: i don't know, but 4% or 6% -- argentina or other countries routinely put up with 50% inflation. that is the big taboo, we don't know how well to fight it. paul volker from the 1980's had to break the back of the economy to bring inflation. it sent us into a bruising early 1980's recession. we did reap the rewards of a bondable market

sources say the fdic officials are in the final stages of hammering out the deal and also that blackstonesaid to be in talks to partner with roy alto -- rialto capital to service the loans. there's been no comment. people close to the matter are telling us to realize such deals can be very complex, and while regulators are still hammering out the final numbers and terms of the deal with blackstone, we understand the exact terms are not final and anything can happen in the final stages of this kind of deal. another bidder could emerge to top luxembourg right now it appears a big portion of the loans trying to be offloaded, a $17 billion portfolio, is in the final stages and blackstone appears to be the front runner. haidi: given the decline in commercial real estate values, how closely watched is this deal? su: very closely watched. this is a bidding process that has lured in some of the top financial firms, not just blackstone but starwood capital, brookfield. these are major names in the business. it's happening at a time when commercial real estate, particularly in new york city and oth

month over minijoining me right now former the president ceo of kansas city federal reserve former fdic thomas hoenig back with us how would you assess inflation what are you expecting this morning from today's report. >> i expect pretty much a continued decline in inflation, as reported by pce in line with what cpi came out earlier this month i would expect that, pretty costly, right now >> please go ahead. >> i said right now, things are -- at a point get all this excitement about the fact that now a soft landing fed going to cut rates i think that may be a little bit off >> that has been basically consensus so long in markets leading he this market up 36% year-to-date on nasdaq up 7% year-to-date on dow, up 18% on s&p 500. thomas what happens components the sticky ones rent still elevated many food items very elevated the price of oil, of course, off highs of the year but still, talking 70 plus on crude, why are we seeing elevated inflation despite 11 rate hikes from the fed? >> i think partly -- because there has been enormous amount of government reaching into a economy supporting

>> not that i'm aware of and there should be no panic because these are fdic's insured accounts.t least for now will operate its savings products. that's when accessed of consumer finance, i would not be surprised if they pulled back on it. the apple savings piece will transfer to a new bank and the same with the apple credit card. it's it to back end processing kind of thing. neil: you know your stuff. very interesting read. ted rosman, the senior analyst, the dow 117 points, interest rates at a round of 4 and one 12:45%, the big story is all of these protests they are waiting for in new york, what they experienced in washington dc. it is not just crime getting to be a problem but protests bedeviling businesses trying to do their thing. the chase ink business premier card is made for sam who makes, everyday products, designed smarter. genius! like 2.5% cash back on purchases of $5,000 or more, so sam can make smart ideas, a brilliant reality! chase for business. make more of what's yours. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state stree

. >>> and blackstone is the frontrunner to win a portfolio of commercial property loans from the fdic sale of signature debt regulators are still working on the final agreement. another bidder could emerge. blackstone is working with rialto capital to service the loans. >>> coming up on "worldwide exchange," and one year and people are unimpressed with bob iger at the helm what could be in store for 2024? stay with us ♪ old school wisdom, with a passion for what's possible. that's what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪ icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. . >>> welcome back to "worldwide exchange." spending during black friday and cyber monday projected to shoot to new highs 84% of shoppers feel confident in the ability to stay within the budget for the year. 40% expect to finish the shopping over t

have you big a bank ceos warning of a slowing economy talking about tensions weighing in on earnings fdicgulated following last spring's regional bank crisis there is that. a week ago you wrote in note to clients only two data points of consequence to monetary policy this week was modest easing of wage pressure from ookt atlanta fed wage tracker another increase continuing jobless claims, the question is we are going to see an economy, that slows down going into one of the most important times of the year the holiday spending? . >> a well, you put your finger on it in as much as since september fomc meeting fed has changed the rules by saying not just lower inflation that will get them to start reversing rate hikes i thought harmful to banking system but they actually want growth to be slower. so, that is why you know if you think about even this week we got that reaction at cpi on tuesday fed on wednesday retail sales stronger than expected, the bond market sold back off in order to get the fed to cut rates, to ease pressure on banking system small business we need growth to slow tricky

reality a bigger competitive disadvantage to big banks than any time in my career i talked to you about fdiction accounts, if you are a client, if you are a company that borrows from small, midsized banks harder to get a alone big companies school district as capital markets small contains reliant on banks small business having a harder time getting loans small banks pulled in much more careful, still lending, but being much more careful and it is rational -- because of tighter conditions for them. >> that is another concern that we will have to keep an eye on a pleasure to talk with you thanks very much sir. >> good taking maria. maria: robert kaplan this morning, in dallas we'll be right back. stay with us. ♪ ♪ . the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com hi, i'm ben and i've lost 60 pounds on golo. (guitar music) i've struggled with weight my whole life

[applause] >> to state fdic chair martin grunberg federal reserve vice chair michael barth testified his senate banking committee oversight hearing. watch live coverage of 10:00 a.m. eastern on c-span three comments he spent now our free mobile video app or online at c-span.org. ♪ c-span is your unfiltered view of government. we are funded by these television companies and more including comcast. >> are you thinking this is just a community center? it is way more than that. comcast is prince 1000 committee centers to create wi-fi enabled so students of low income families can get the tools they need to be ready for anything. comcast support c-span as a public service along with these other television providers. giving you a front row seat to democracy. ♪♪

what they did to the fdic. host: bonnie in minnesota, democrat's line.aller: i do not believe they will shut the government down because it is almost thanksgiving. they are not going to want to be there through the holiday, so, i think they will just, you know, fund it for the time being. host: ok. caller: we will celebrate christmas and be all holy and get drunk on new year's. host: jerry in virginia, republican line. you finish us off. caller: it is crazy that somebody thinks they are not going to want to shut down because of thanksgiving. i got to go to work. i got to worry about christmas because the economy is terrible. but i am calling because if anybody watches this does not think mayorkas needs to be impeached -- i am glad for the eight republicans. they are the rhinos that needed to be voted out. host: thanks to all who participated. watch out for what happens on c-span when it comes to the house. expected at 9:00 to start the process of passing legislation to keep the government funded past friday. part of that will be our discussion when it lo

we'll get q3 composite figures next month from the fdic. more bond investments during the pandemic when they were flush with deposits, but yields were low. but more recently, as yields have soared, the value of fixed rate bonds plummeted, contributing to paper losses for the banks. it's unlikely the losses will be realized but it does impact tangible book value in the meantime. in theory, when you see the rates decline, growth accelerates and you're seeing stock price reaction there, guys. >> thank you very much. >>> our flex guest upgrading keycorp to outperform, raising the price target to 15 from 12.50 and covers citigroup with news there today. david conrad, managing director at a stifel company. keycorp has been one of the -- actually the bottom, hardest hit bank stock this year besides comerica down 35%. why upgrade now? >> i think actually leslie hit a few points in the intro. one of the main concerns with keycorp is the capital and the impact of aoci or the negative bond marks placed on capital. we feel for names beat up on capital

president biden and china's president coming into town no, it is not the wolf of wall street and it is fdick at that car just did something at auction that has never been done befor

about virtual runs and people taking their deposits elsewhere and becoming fbi see seizure material -- fdic seizure material, they are not making months. there are people write about car payments, making rent, health care payments, they will be motivated to get a job and keep a job. the problem is that you need more pain to make this possible. there is a lot of confidence and may people being on the sidelines when unemployment is this low. he would gladly trade 4% employment for this, if fable 2% inflation rate. 2% seems to be any arbitrary target but they are fixated on it. we are told there is a natural rate of unemployment and it seems he is defective saying this should be a natural rate of inflation. host: i always ask what is the magic thing about 2%? guest: i don't know, but 4% or 6% -- argentina or other countries routinely put up with 50% inflation. that is the big taboo, we don't know how well to fight it. paul volker from the 1980's had to break the back of the economy to bring inflation. it sent us into a bruising early 1980's recession. we did reap the rewards of a bondable mark

we had medicare and those are going away as inflation normalizes and another weird spending and the fdic bailouts and a lot of these bizarre one-offs that pushed us into a structurally bad place. can that somehow resolve itself so things look better in a couple of years' time or no? >> yeah. it's a great question, and it goes to the point that borrowing for covid was the absolute right thing to do. it's the fact that we've been borrowing on the buildup to covid when the borrowing was strong and since then since the economy is strong we're still borrowing, but the answer to the question is no. there were a number of one-off things that affect the deficit this year and it ended up being 2 trillion and doubled from where it was last year, but even as though one-offs pulled back and i will say there are probably likely to be more because as you pointed out, we will see emergency spendsing and supplementals in the coming months and coming years and the stru structural problems and the growing health care costs and aging which are the fastest growing part of the budget. those are not going to

. >> tuesday fdic chair and federal reserve vice chair testify at a senate banking committee oversight hearing. watch live coverage starting at 10 a.m. eastern on c-span3. c-span now, our free mobile video app, or online at c-span.org. >> since 1979, in partnership with the cable industry, c-span has provided complete coverage of the halls of congress. from the house and senate floors, to congressional hearings, party briefings, and committee meetings. c-span gives you a front row seat to how issues are debated and decided. with no commentary, no interruptions, and completely unfiltered. c-span, your unfiltered view of government. >> iowa governor kim reynolds endorsed florida governor ron desantis for the republican presidential nomination during a rally in the capital of des moines. shortly after that endorsement, governor desantis spoke on stage about his accomplishments in the state of florida.

it's called charlie offers a checking account and visa debit card through fdic insured sutton bank.rlie gives customers some extra fraud protections. >> if you're somebody who doesn't shop online at all, you can say don't allow any online transactions to go through. if you're someone who just shops at amazon, you can say don't allow any online transactions except amazon to go through other banks . >> and financial institutions also offer checking accounts for seniors with fraud protection. for example, many banks let you sign up for alerts for large transactions on your account. >> americans with lower incomes and younger people are feeling the effects of high inflation more than others. a report from the federal reserve found the bottom 40% of earners saw inflation rates of 0.16 percentage points higher than average, while adults under the age of 25 saw a rate of 0.35 points higher. on the other hand , higher earning households saw slightly lower than average rate of inflation. new research shows the nation's economy may be rosier than what some people may believe. poll conducted f