Tom Brown (tpbrown5.eth)

Changed character classes now investor/lawyer instead of lawyer/investor, still #fintech, putting the Ca in @nyca and learning lots #payments, #crypto, #nfts

[Tom Brown (tpbrown5.eth) @tpbrown5]

Reach for your wallet when the regulated call on regulators for protection from competition #rentseeking https://t.co/hwYQJIitlF

[Ofek Lavian @OfekLavian]

We just raised $40M to solve America’s affordability crisis.

Groceries are the #1 financial stressor in America. Food prices are up 30% since the pandemic. For the 100 million Americans earning under $50K, the money runs out before the month does.

To fix it, Forage is building a network for affordability:

1. For families, we’re building a suite of products to expand financial access

2. For partners, we’re building a revenue growth engine by helping them win on affordability

Today, our technology is used in over 100,000 stores across all 50 states. Our payments volume is up 13x YoY. When grocers switch to Forage, they see a 15% lift in EBT revenue.

We also launched the Forage app, a free tool that helps cost-conscious families check their EBT balances, save on groceries, and earn rewards on every purchases.

US grocery is a $1.5T market. We're just getting started.

Onwards! 🚀

[Tom Brown (tpbrown5.eth) @tpbrown5]

See page 31 https://t.co/2226Wh8Vl9

[Tom Brown (tpbrown5.eth) @tpbrown5]

Perhaps someone should observe to the court that Title X of Dodd Frank, of which Section 1033 is a part, defines “consumer” to mean not just an individual but also “an agent, trustee, or representative acting on behalf of an individual.”

[Jonah Crane @JonahCrane]

Don’t believe the CFPB’s claims that they want to rewrite the rule. If the court were to accept their legal arguments in this case any meaningful new rule would be foreclosed. It’s an obviously wrong reading of the CFPA, but ya never know with courts these days.

[Tom Brown (tpbrown5.eth) @tpbrown5]

The @USTreasury observed during the prior @realDonaldTrump administration that this language “is best interpreted to cover circumstances in which consumers affirmatively authorize … third parties … to access their … data from financial services companies.”

[Tom Brown (tpbrown5.eth) @tpbrown5]

@regulatorynerd FWIW it’s not that complicated. The opportunity for banks is the same as always—liquidity transformation and payments. See https://t.co/H3YG5mPlRh

[Tom Brown (tpbrown5.eth) @tpbrown5]

Thanks for the shout out Simon. Really excited to join the team @mercury.

[Simon Taylor @sytaylor]

Some neat detail in here

1. GAAP profitable
2. Former FDIC staff who unwound SVB joins the board
3. Some other big hires on the board like the mighty @tpbrown5

[Ofek Lavian @OfekLavian]

Over 10,000 stores on Uber now accept EBT, delivering food to communities in need - including @Albertsons, @Safeway, @meijer, and @Walgreens .

Thank you @dkhos & @Uber for your partnership!

[Tom Brown (tpbrown5.eth) @tpbrown5]

This is a special program. Enable people to be their best selves and see what they can do.

[Dave Font @davefontenot]

If you haven’t adopted this new way of building companies, you will get outcompeted.

In twelve weeks
- four of ten teams broke $2M ARR
- fifth team hit $1.7M
- top team went from 1 to 10M

Launching applications today. Ten teams. Only one HF0.

[Tom Brown (tpbrown5.eth) @tpbrown5]

💯

[Jesse Silverman @jbsilverman]

What Earned Wage Access can tell us about the election (and, yes, this is a real thread!)

First, I don’t know why people voted the way they did.

Second, I absolutely DON’T think that EWA policy had any impact on the election …

BUT … I do think there is much to be learned

[Tom Brown (tpbrown5.eth) @tpbrown5]

The Future of Legal is Product—The Future of Legal Services Is Product https://t.co/2L74YRVHz2

[Tom Brown (tpbrown5.eth) @tpbrown5]

Been thinking about the parallels between peak #fintech and the coming product led wave that will transform the legal services industry.

[Tom Brown (tpbrown5.eth) @tpbrown5]

Cait and I took a long walk with @lisagradow, and it was the nudge I needed.

[Tom Brown (tpbrown5.eth) @tpbrown5]

Would love to see the next administration sought to streamline our financial services regulatory framework rather than heap more complexity on top of the existing crazy quilt. Thanks @Orrick for providing a platform to explore. https://t.co/un1bcvD6pw

[Nyca Partners @nyca]

In this month's newsletter, Duncan King sat down with @EladFouks (co-founder and CEO of Alterya). They discuss Alterya’s pivot to TradFi, what is most exciting about being a founder, and how the war has affected this Tel Aviv-based startup. We also highlight Claire Feeley, our Summer Associate!
https://t.co/fr03mzFeqD

[Tom Brown (tpbrown5.eth) @tpbrown5]

@sp0rtstalk0nly @SFGiants Odds are odds … but even for the non-quants, freeing up the DH spot for Luciano plus Flores or whomever else is better than three years of Soler #math

[Tom Brown (tpbrown5.eth) @tpbrown5]

Farhan Zaidi put on a masterclass at the trade deadline—dumped salary, netted a prospect for a journeyman pitcher (who hasn’t pitched an inning this calendar year), and improved the @SFGiants playoff odds. #letfarhanbfarhan

[Tom Brown (tpbrown5.eth) @tpbrown5]

@sp0rtstalk0nly @SFGiants 😂

[Tom Brown (tpbrown5.eth) @tpbrown5]

@johnnyfromnj No one knew that Cobb’s rehab would take this long; and two weeks of at bats against the @Rockies … again, #letfarhanbfarhan … churn the bottom of the roster #thisistheway

[Tom Brown (tpbrown5.eth) @tpbrown5]

The @cfpb will face plenty of challenges in the future, particularly after @USSupremeCourt deems Chevron to be a dead letter. The argument in the @WSJ isn’t one of them.

[Brianne Gorod @BrianneGorod]

I suppose it's not surprising that the CFPB's opponents would try to spin last week's #SCOTUS decision as something other than the major loss it was, but this argument in a @WSJ op-ed really takes the cake. 1/x