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8/20/18 - Gene Ludwig on America’s Economic Situation and Regulatory Environment

Promontory Chief Executive Officer Gene Ludwig discussed economic indicators, consumer debt, the OCC’s new special-purpose fintech charter, and a range of other subjects with Arthur Levitt, host of Bloomberg radio’s “A Closer Look.” Levitt is a former chairman of the Securities and Exchange Commission and a Promontory Advisory Board member.

“The numbers that suggest GDP is growing rapidly are homogenized numbers,” Ludwig explained. “The [macroeconomic] measurements should be disaggregated … first by geography, then by income group, so you can get a more granular sense of whose being helped and who’s being hurt by the economic environment in which we’re living.”

Click here to listen to the full interview.