Financial data clashes and what it means for Zelle, Venmo, and more
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 22 December 2025
⏱️ 7 minutes
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Summary
A Consumer Financial Protection Bureau rule designed to give consumers greater control over their financial data is now in limbo under the second Trump administration. The rule has to do with how apps like Venmo and Zelle get access to your money in the bank so that you can send it on those payment platforms. Today, we'll share what a reconsideration of the rule could mean for you. But first: why gold is hitting new records.
Transcript
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| 0:00.0 | Why gold is hitting new records from Marketplace. |
| 0:05.6 | I'm Sabri Beneshore in for David Brancaccio. |
| 0:07.8 | As the U.S. seizes another Venezuelan oil tanker, the price of gold is hitting fresh records. |
| 0:14.0 | Right now, it's up 1.5% this morning. |
| 0:16.6 | The two are slightly connected. |
| 0:18.6 | Julia Coronado is founder and president of macro policy perspectives |
| 0:21.8 | and a professor at UT Austin. She joins us as she does on Mondays. Hi, Julia. Good morning. |
| 0:28.1 | So gold, if current trends keep up, will be up more than 66% in a year. Largest rise since |
| 0:37.4 | 1979. That's crazy. Why is that happening? |
| 0:41.3 | Well, gold generally benefits from worries about instability and particularly in a world where |
| 0:49.5 | there are growing concerns about the dollar. Gold has an extra dose of safe haven status and really has |
| 0:58.4 | been rallying off and on all year with some force. |
| 1:02.6 | Why might the dollar be point of concern this year? |
| 1:05.6 | Well, the U.S. has traditionally been the bulwark of stability in the world. And certainly the dollar still has |
| 1:13.5 | the reserve currency status in the global economy. But we are not a bulwark of stability. |
| 1:21.0 | You know, the Venezuela is the latest geopolitical tension causing a flight to safety. And just in general, concerns about U.S. |
| 1:30.9 | credibility and role in the global economy is certainly being tested this year. |
| 1:35.7 | Tomorrow, we're going to get GDP data for the third quarter. Last week, we got a whole ton of |
| 1:42.2 | different delayed data from inflation to jobs. Do we have a clear |
| 1:47.1 | sense of where the economy's at, having had the opportunity to sift through all of this? |
| 1:53.4 | No, we don't have a clear sense. The data was rather messy. The labor market is definitely soft. And inflation, there was a missing month and some assumptions were made that kept inflation on the low side. So I don't think we have a real clear picture of the state of the U.S. economy. |
| 2:14.6 | You know, with the inflation being understated, one explanation I heard was that the |
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