Credit Eco To Go
78 episodes - English - Latest episode: almost 1 year ago -Clark Hill's Joann Needleman, a leading financial services attorney, provides bite-sized hot topics in the consumer finance space. Contact the team at [email protected].
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Episodes
Jumping Head First into 1033
April 26, 2023 12:00 - 41 minutes - 28.6 MBSeason 4 of #CreditEcotoGo begins with an in-depth conversation about “data portability”. Section 1033 of Dodd-Frank authorized the #CFPB to write rules around personal financial data rights. Former CFPB Assistant Director, Corey Stone, joins the podcast to discuss the goals of 1033 and whether the proposals went far enough. The data landscape has changed since Congress included this “sleeper” section into the Act. Corey believes the last decade shows us that industry has caught up to what ...
Can We Achieve Consistency to the Complex?
December 08, 2022 11:00 - 37 minutes - 25.9 MBThe ecosystem is a circular environment. There is no beginning or end. In #financialservices, the loan origination may begin the process but the decisions made from that starting point will be impactful through the life of the transaction, especially if the loans are sold to the secondary market. This lack of consistency has been a challenge not only for the debt sale market but also for those who want to regulate it. To bring some clarity to the matter, Rebekah (Bekah) Luebcke, Vice Preside...
Debt Settlement in the Credit Eco System
October 18, 2022 09:00 - 37 minutes - 25.5 MBAs the headwinds of a turning economy impact more and more consumers, understanding how #debtsettlement fits into the credit ecosystem makes for a timely conversation. Teresa Dodson, founder of Greenbacks Consulting and the leading expert on debt settlement, stops by #creditecotogo to set the record straight about debt settlement. Consumers enrolled in legitimate debt settlement companies want to resolve their debts; they are not looking for excuses or loopholes from their responsibilities. ...
Fairness-as-a-Service
August 31, 2022 10:00 - 30 minutes - 21.3 MBEnsuring #fairness at all levels in financial services is the new norm. But how do you do it and how do you know when it is achieved? Kareem Saleh, CEO and Founder of FairPlay AI stops by #CreditEcoToGo to talk about his platform and new #ai fairness methodologies, which do a better job in assessing risk, while at the same time expanding opportunities for credit access. Kareem tells us that “fairness through awareness” and machine-learning algorithms always need to be challenged and refined....
Will Cannabis Banking Ever be “Safe”?
August 23, 2022 16:00 - 36 minutes - 24.9 MBThere is cautious optimism that 2022 will be the year that federal legislation will open the door to the banking of cannabis transactions. But is the Safe Banking Act the answer? On the latest episode of #CreditEcotoGo with Joann Needleman, Peter Su, Senior Vice President of Green Check Verified manages our expectations and tells us that the real issue is the lack of “capability, capacity, and cost”. The regulatory burden of taking on cannabis customers is significant for financial institut...
Will Cannabis Banking Ever be “Safe”?
August 23, 2022 16:00 - 36 minutes - 24.9 MBThere is cautious optimism that 2022 will be the year that federal legislation will open the door to the banking of cannabis transactions. But is the Safe Banking Act the answer? On the latest episode of #CreditEcotoGo with Joann Needleman, Peter Su, Senior Vice President of Green Check Verified manages our expectations and tells us that the real issue is the lack of “capability, capacity, and cost”. The regulatory burden of taking on cannabis customers is significant for financial institut...
What is the Future of the Fin-Tech/Regulator Partnership?
July 06, 2022 16:00 - 27 minutes - 19.3 MBIn the last decade, the CFPB has tried to tackle the question of innovation through partnerships and No-Action Letters. First, there was Project Catalyst which resulted in very few collaborations and a small amount of No-Action Letters. Then there was the Office of Innovation which stood up the Compliance Assistance Sandbox which approved only 3 applications. Now the newly re-tooled Office of Competition and Innovation looks to continue these innovation partnerships but will it succeed? Nat ...
What is the Future of the Fin-Tech/Regulator Partnership?
July 06, 2022 16:00 - 27 minutes - 19.3 MBIn the last decade, the CFPB has tried to tackle the question of innovation through partnerships and No-Action Letters. First, there was Project Catalyst which resulted in very few collaborations and a small amount of No-Action Letters. Then there was the Office of Innovation which stood up the Compliance Assistance Sandbox which approved only 3 applications. Now the newly re-tooled Office of Competition and Innovation looks to continue these innovation partnerships but will it succeed? Nat ...
The Problem Solving Game of Digital Communications
May 24, 2022 17:00 - 41 minutes - 28.8 MBText and email are not digital versions of a letter or a telephone call. There has to be a strategy that includes consumer consent but also a willingness by that same consumer to continue the conversation. Enter Quanta Credit Services, a new innovative digital-first solutions provider that manages communication strategies. Aleks Whitchurch, CEO and Co-Founder of Quanta stops by the next episode of #creditecotogo to talk about the nuts and bolts of the digital communications journey and the m...
The Problem Solving Game of Digital Communications
May 24, 2022 17:00 - 41 minutes - 28.8 MBText and email are not digital versions of a letter or a telephone call. There has to be a strategy that includes consumer consent but also a willingness by that same consumer to continue the conversation. Enter Quanta Credit Services, a new innovative digital-first solutions provider that manages communication strategies. Aleks Whitchurch, CEO and Co-Founder of Quanta stops by the next episode of #creditecotogo to talk about the nuts and bolts of the digital communications journey and the m...
Detecting and Remediating Risk in Real Time
April 20, 2022 18:00 - 34 minutes - 23.8 MBIn a very crowded #fintech market, #CreditEcotoGo welcomes Sedric to the podcast. Voted the Most Promising Fintech Startup of 2022 by #Citi and #Visa, Sedric is an AI solution which systemically implements the most critical part of a financial institution’s compliance management system: risk detection and remediation. Rather than wait a week or a month for the results of an audit report, Sedric identifies risk and provides on-demand real-time training in order to remediate the risk. Our gue...
Detecting and Remediating Risk in Real Time
April 20, 2022 18:00 - 34 minutes - 23.8 MBIn a very crowded #fintech market, #CreditEcotoGo welcomes Sedric to the podcast. Voted the Most Promising Fintech Startup of 2022 by #Citi and #Visa, Sedric is an AI solution which systemically implements the most critical part of a financial institution’s compliance management system: risk detection and remediation. Rather than wait a week or a month for the results of an audit report, Sedric identifies risk and provides on-demand real-time training in order to remediate the risk. Our gue...
Coming to America: Building a Friction-Less Collections Process
March 30, 2022 20:00 - 33 minutes - 23.4 MBThe co-Founders of @Creditas, India’s leading technology provider in the delinquent management space, are our guests to kick off the 3rd season of @ClarkHillLaw’s #CreditEcoToGo. Anshuman Panwar and Madan Srinivasan share their observations of the US collections market, where they hope to launch shortly, and the unique architecture of their technology that was built with the consumer in mind. Madan tells us that the US market has all the correct building blocks; the key is how to stitch them...
The New “Auld” CFPB: A 2021 Review and A Future Chat for 2022
December 21, 2021 11:00 - 42 minutes - 29 MBFinancial services reporters, Kate Berry, American Banker, Jon Hill, Law360, and Evan Weinberger, Bloomberg Law stop by #CreditEcoToGo with Joann Needleman for a year-end recap and forecasting for 2022. Our guests provide their insight and historical perspective of the #CFPB during this past year and where the agency is headed under recently confirmed Director, Rohit Chopra. The politicization of the CFPB remains and all agree it may have gotten worse given that the Director now works at th...
Communicating with Consumers Where They Are…
December 09, 2021 16:00 - 26 minutes - 18 MBIt may have taken a pandemic for banks and financial institutions to finally understand and embrace the value of technology and social media. Shondell Varcianna knows this first hand. As the owner and founder of Varci Media, Shondell has successfully guided financial institutions communicate with their customers. Having worked as lender and underwriter for several banks, Shondell quickly realized that consumers do not seek financial advise from the banks where they have a relationship, and b...
Data, Data Everywhere….
November 18, 2021 16:00 - 28 minutes - 19.7 MBThe Consumer Financial Protection Bureau (CFPB) has always been curious of Big Tech and its penetration into the financial services sector. That curiosity took center stage last month when the CFPB ordered six (6) of the most well-known technology companies (Google, Apply, Facebook, Amazon, Square and PayPal) to turn over information about their “products, plans and practices” when it comes to their payment platforms. Dan Smith, Executive Vice President, Head of Regulatory Affairs at the Co...
Adhering to the Price of Admission
September 01, 2021 16:00 - 40 minutes - 28.1 MBARM industry start-up, Spring Oaks Capital, set out to do things differently, but it had no idea that it would launch a new company on the cusp of a worldwide pandemic. Jay Collins, Co-Founder and Chief Operating Officer at Spring Oaks Capital, stops by #Creditecotogo to highlight the successes his company has had despite the challenges of COVID. Jay’s story is a lesson to all in the financial services industry, as well as any industry, that establishing a team approach to your workforce and...
Competing for the Attention of the Consumer
July 29, 2021 17:00 - 26 minutes - 18.2 MBIn celebration of the one year anniversary of Clark Hill’s #CreditEcoToGo, and its 50th episode, we discuss the digital transformation of the collections industry with Dave Hanrahan, CEO and Co-Founder of Kredit, a next generation software platform that lets consumers interact with all their creditors, and those collecting for them, in one place. Kredit creates options for consumers while empowering them to make decisions about their own financial well-being in a global and holistic way. At ...
Cannabis Banking… From the Inside
July 09, 2021 08:00 - 37 minutes - 25.5 MBMichael O’Neill, VP and Bank Secrecy Act Officer at Safe Harbor Private Banking stops by #CreditEcoToGo to talk about his experience building the right compliance program to bank the cannabis industry. Michael tells us cannabis bankers do not grow on trees and building the program goes beyond well beyond ordinary due diligence. Rather it is an ongoing commitment to ensure that the law is followed at every step and banking staff is educated and trained to bank the way regulators want. Safe Ha...
Creating a Voice for Fintechs
June 22, 2021 16:00 - 35 minutes - 24.5 MBCongress, the states, and regulators have been scratching their heads for years when it comes to fintechs. Balancing consumer protection around innovation has been the source of contentious debate. Garry Reeder is the CEO of the newly launched American Fintech Council (AFC), an association that is looking to foster responsible innovation in financial technology. Navigating the “in-between spaces” of the traditional banking system and fintechs is one of the priorities of AFC and its members. ...
The Results are In: Consumers Really Do Respond Better to Digital Communications
May 27, 2021 13:00 - 28 minutes - 19.8 MBSince the start of the pandemic, the financial services industry, including the accounts receivable management (ARM) industry, has predicted that the use of technology to contact consumers will grow exponentially. That prediction came true, but Firstsource Solutions, a leading provider of business process solutions to more than 100 global businesses, has been using email and text to contact consumers since 2017. Arjun Mitra, President of Global Collections, stops by #CreditEcoToGo to discus...
The Results are In: Consumers Really Do Respond Better to Digital Communications
May 27, 2021 13:00 - 28 minutes - 19.8 MBSince the start of the pandemic, the financial services industry, including the accounts receivable management (ARM) industry, has predicted that the use of technology to contact consumers will grow exponentially. That prediction came true, but Firstsource Solutions, a leading provider of business process solutions to more than 100 global businesses, has been using email and text to contact consumers since 2017. Arjun Mitra, President of Global Collections, stops by #CreditEcoToGo to discus...
“You are either in front of the dragon, or behind the dragon”
May 13, 2021 16:00 - 29 minutes - 20.6 MBTodd Kleperis has spent his life taking risks. From military veteran to Harvard University, Todd never shied away from a challenge. It's no surprise that Todd now makes his living serving high-risk industries in the financial services eco-system. The founder of PayZel, Todd assists financial institutions with the implementation of their bank secrecy and anti-money laundering compliance policies while taking on high-risk depositors. Todd will tell you that banks with innovative boards utilizi...
“You are either in front of the dragon, or behind the dragon”
May 13, 2021 16:00 - 29 minutes - 20.6 MBTodd Kleperis has spent his life taking risks. From military veteran to Harvard University, Todd never shied away from a challenge. It's no surprise that Todd now makes his living serving high-risk industries in the financial services eco-system. The founder of PayZel, Todd assists financial institutions with the implementation of their bank secrecy and anti-money laundering compliance policies while taking on high-risk depositors. Todd will tell you that banks with innovative boards utilizi...
Credit Reporting: Truth be Told
May 06, 2021 16:00 - 38 minutes - 26.2 MBFrancis Creighton, President and CEO of the Consumer Data Industry Association (#CDIA) stops by #CreditEcoToGo to talk about the core fundamentals of the credit reporting system and the challenges ahead for 2021. While state and federal regulators have been laser-focused on credit reporting accuracy, Francis tells us there are two bigger challenges. First is ensuring that more people can be included in the credit reporting system in order to gain better access to credit, Second is the polic...
Demystifying the Debt Collection Rule
April 29, 2021 14:00 - 45 minutes - 31.3 MBOn this episode of CreditEcoToGo, former CFPB Deputy Director, Tom Pahl, stops by to talk Regulation F. Tom has been the point person on #debtcollection policy while serving at both the FTC and the CFPB. The final debt collection was a decade in the making and Tom talks about the challenges faced by the Bureau and the evolution of the process which resulted in the final rule. Tom does not believe the rule will be rescinded or repealed but certainly changes could be made once a new director i...
Not a Normal Mortgage Crisis: How the Mortgage Industry Weathered the Pandemic
March 24, 2021 18:00 - 32 minutes - 22.1 MBIndustry expert, Cristy Ward, Chief Strategy Officer for Mortgage Connect stops by Clark Hill’s Credit Eco To Go to discuss the state of the mortgage industry during and after the pandemic. The mandates of the CARES Act and the rush to refinance created unique struggles for the industry. However, Cristy explains that overall the industry did a great job weathering the storm by embracing technology which ultimately benefitted borrowers and will continue to be a positive for consumers going fo...
The XYZ’s of the PPP
March 24, 2021 14:00 - 30 minutes - 21.3 MBCredit Eco to Go concludes #womenshistorymonth2021 with a long overdue discussion about the Paycheck Protection Program (#PPP). Kathryn “Kate” Rock, Partner at Guidehouse, incoming President of Women in Housing & Finance and one of the foremost authorities of the #PPP, stops by the podcast to talk about this transformational government program. For borrowers, the PPP was a business lifeline to get through the economic struggles brought on by the pandemic. For lenders, the PPP was a mixed bag...
CFPB 2.0 under Rohit Chopra
March 18, 2021 17:00 - 31 minutes - 21.5 MBCredit Eco to Go welcomes Amy Mertz Brown to the podcast to continue our celebration of #womenshistorymonth2021. Amy was one of the first hires at the CFPB where she helped establish and build the agency’s in-house legal department. Amy worked closely with initial CFPB leadership including Elizabeth Warren, the Bureau’s first confirmed Director, Richard Cordray, and with Rohit Chopra, who is likely to be confirmed as the next Director in the coming weeks. Amy shares her insights about Chopr...
“Encrypting” Crypto
March 10, 2021 13:00 - 29 minutes - 20.3 MBThe celebration of #womenshistorymonth2021 continues. Subject matter expert, Alma Angotti, joins the podcast and provides our Credit Eco to Go listeners with a much-needed education on cryptocurrency and blockchain technology. Cryptocurrency is not a substitute for hard currency but the infrastructure behind it; blockchain technology has the power to disrupt traditional financial services. Blockchain technology is immutable, meaning it can’t be changed, so it is easier to trace. Think of a ...
The Science of Financial Communications
March 04, 2021 13:00 - 32 minutes - 22.6 MBClark Hill’s Credit Eco to Go kicks off Women’s History Month with best-selling author Mary Shores. Mary’s unbelievable journey from overcoming incredible odds to successful business owner to industry expert is inspirational. Along the way, she developed and unlocked the science to effectively communicating with consumers about their financial reality. As Mary says, “All consumers want is to be heard and to be understood.” Mary is hopeful that expanded technology channels, especially in th...
Data… the Good, the Bad and the Soon to be Regulated
February 25, 2021 15:00 - 29 minutes - 20.5 MBClint Lotz, President and Founder of TrackStar stops by Clark Hill’s Credit Eco to Go to talk not only about data, but he weighs into the debate of data regulation. More and more states are enacting laws that give consumers more control over their own data. Industry opposes a fragmented regime and instead favors a national standard. Clint disagrees and sees states being in a better position to align their privacy laws with the needs of their constituents. At the federal level, Clint sees ag...
Will Cannabis Legalization Provide Safety for Financial Institutions?
February 17, 2021 20:00 - 29 minutes - 20 MBThere is much speculation that 2021 could be the year that Congress enacts meaningful legislation to allow marijuana related businesses (MRBs) to access financial services. Steven Kemmerling, CEO of CRB Monitor, stops by Clark Hill’s Credit Eco to Go to discuss what banks are doing now to manage risk for their current depositors who may only have remote or indirect ties to MRBs. Although the data from the Financial Crimes Enforcement Network (FIN Cen) suggests several hundred banks are curr...
Will Cannabis Legalization Provide Safety for Financial Institutions?
February 17, 2021 20:00 - 29 minutes - 20 MBThere is much speculation that 2021 could be the year that Congress enacts meaningful legislation to allow marijuana related businesses (MRBs) to access financial services. Steven Kemmerling, CEO of CRB Monitor, stops by Clark Hill’s Credit Eco to Go to discuss what banks are doing now to manage risk for their current depositors who may only have remote or indirect ties to MRBs. Although the data from the Financial Crimes Enforcement Network (FIN Cen) suggests several hundred banks are curr...
2021 Financial Services Priorities: Fairness and Equality
February 08, 2021 14:00 - 40 minutes - 27.7 MBKevin Kelly, leader of Clark Hill’s Government and Regulatory Affairs Group stops by Credit Eco to Go to discuss the changes in Washington and what financial services entities need to do to prepare for the days ahead. Kevin tells us that the priorities for the Biden Administration will be focusing, among other things, on the economic crisis and passing COVID relief in the form of direct stimulus as well as housing and rental assistance. However, the financial services executive branch agenc...
Calling Balls and Strike on the Debt Collection Rule
February 04, 2021 21:00 - 41 minutes - 28.6 MBGeorgetown Professor Adam Levitin stops by Clark Hill’s Credit Eco to Go to provide his objective perspective on the CFPB's Final Debt Collection Rule. Overall Adam supports a having clear rules of the road, regardless of whether you agree with the rule itself. He agrees that having a rule that provides guidance for debt collectors to navigate the electronic ecosystem is very important and was glad to see that a model validation was finalized but believes it will be tweaked over time. Adam...
Dancing to Their Own Tune: Empowering Consumers Through Self-Service
January 20, 2021 19:00 - 31 minutes - 21.4 MBRalph Liberio, President and CEO of NCB Management Services, Inc. stops by Clark Hill’s Credit Eco to Go to discuss the CFPB’s new debt collection rules and the power consumers now have to resolve their debts on their own. NCB’s self-service web-based portals allows consumers to make payments on their own terms and to set their preferences of when and how they want to be communicated with, including opting-in to receiving emails and texts. Ralph tells us that consumers are more responsive an...
Framing the Discussion of the Role of Consumer Financial Services
January 13, 2021 16:00 - 27 minutes - 19.1 MBA financial services system must work for everyone. But how is that goal achieved? In 1968, President Johnson formed the National Commission on Consumer Finance (NCCF) which later issued a report in 1972 with recommendations of ways to change and improve a growing consumer financial services industry. Over fifty years later, the Consumer Financial Protection Bureau (CFPB) formed a Task Force on Federal Consumer Financial Law. The Task Force was charged with putting together a report which wo...
An Honest Discussion on the Impact of Cancelling Student Loan Debt
December 11, 2020 21:00 - 18 minutes - 12.8 MBAddressing the student loan debt has taken on even greater urgency since the advent of the COVID crisis. Several stimulus proposals call for the cancelation of all or up to $50,000 of student loan debt, but would such relief help or hurt the economy? Mark Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget (CRFB) stops by Clark Hill’s Credit Eco to Go to discuss his latest article “Canceling Student Loan Debt is Poor Economic Stimulu...
Orchestrating the Consumer Experience
December 08, 2020 17:00 - 25 minutes - 17.8 MBRay Peloso, CEO of Katabat stops by Clark Hill’s Credit Eco to Go to talk about the CFPB’s final debt collection rule and its effect of giving consumers more power when it comes to communicating about their debts. Katabat is a fluid platform that allows users to develop and design a consumer’s experience in order to adapt to their specific preferences. Ray agrees that technology will be a critical and necessary component to ensure the regulations are implemented to achieve its goal of allowi...
Building Communities Through Safe Banking
November 11, 2020 17:00 - 35 minutes - 24.3 MBLast week New Jersey, Montana, Arizona and New Jersey voted to legalize recreational marijuana, while South Dakota approved legalization for both recreational and medical. Only 6 states in the country do not permit any use of marijuana with a handful of states permitting only limited medical use. While the majority of states will be benefitting from additional revenue through licensing and taxes, many of these now-legal businesses will still not have sufficient access to financial services a...
Teaching Money as a Skill
November 05, 2020 19:00 - 31 minutes - 21.8 MBIsaiah Goodman, stops by Clark Hill’s Credit Eco To Go to talk about his new app, MoneyVerbs; a gamified platform which simulates and allows users to make decisions about money without risk. Financial wherewithal is not taught, rather it is a skill that needs to be honed. Many consumers are not only uncomfortable talking about their financial situation but making commitments to put aside current resources for the future. MoneyVerbs allows users to practice their decision-making about money w...
Revolutionizing Financial Services Marketing
November 03, 2020 17:00 - 32 minutes - 22.4 MBMike Ginsberg, CEO from Kaulkin Ginsberg returns to Clark Hill’s Credit Eco To Go to discuss Business Revolution Week (BRW) which will talk place November 9th-13th, 2020. For the financial services industry, like many others, attending conferences and meeting with clients is a critical part of business development, networking and education. The pandemic has put brought those interactions to a grinding halt. BRW not only looks to reconnect all financial services stakeholders virtually but i...
Democratizing the Access to Credit
October 28, 2020 19:00 - 29 minutes - 20.1 MBHow do you lend responsibly to a generation that is wary of credit? On the next episode of Clark Hills’ Credit Eco to Go, Carl-Alain Memnon, the Co-Founder and COO of Grain Technology, Inc. discusses how his new application (app) looks to solve that problem. Access to credit is a challenge for millennials and Gen-Zs. Rather than looking backwards, Grain seeks to obtain a more current snapshot of a borrower’s credit capability by offering reasonable lines of credit, similar to a debit card. ...
Machine Learning: The Alternative Fuel for Financial Services
October 20, 2020 18:00 - 39 minutes - 27.1 MBData is driving the expansion of financial services. But how do you build data sets that are unique for each financial institution? Scott Ferris, CEO of Attunely, Inc stops by Clark Hill’s Credit Eco to Go to dissect and demystify the world of big data. The goal is to achieve efficiency and effectiveness by giving machines access to the data so they can learn for themselves. Scott reminds us that data cannot solve every problem but historical data is a good predicter of future consumer res...
The Personalization of the Consumer Digital Engagement
October 15, 2020 20:00 - 29 minutes - 20.3 MBContact centers and the technology providers who support the financial services industry were thrown into the front lines during the pandemic. Boris Grinshpun, General Manager of the CRM Group at LiveVox stops by Clark Hill’s Credit Eco To Go to talk about these challenges and experiences. These new and instantaneous set-ups have not only created better ways to manage and monitor call center employees and operations but it has also resulted in transformational ways contact centers are commun...
A Holistic Approach to Credit Building and Credit Reporting
October 14, 2020 13:00 - 29 minutes - 20.6 MBCredit access will continue to be a challenge for many consumers as the country navigates out of the pandemic. In addition to underwriting challenges, small dollar borrowers often have to work with financial institutions that are not capable of credit reporting. Elisabeth Johnson Crawford from Credit Builders Alliance (CBA) stops by Clark Hill’s Credit Eco To Go to talk about her organization’s partnership with Community Development Financial Institutions (CDFIs) which is enabling them to re...
The Changing Role of Financial Services Attorneys
October 09, 2020 16:00 - 32 minutes - 22.6 MBThe financial services is a demanding practice area for attorneys. Client needs are constantly changing with fluctuating regulatory expectations. Dara Tarkowski, founder member of Actuate Law, shares her journey from lawyer to innovation strategist, by helping her financial services clients, not only with legal advice and counsel but with technology. Dara started Quiontec to incorporate technology into the delivery of legal services. Quiontec’s first product, ARM Communications Advisor, me...
Putting the Public Interest into Credit Reporting
October 02, 2020 14:00 - 27 minutes - 19.1 MBAmy Traub is the Associate Director of Policy and Research at Demos, non-profit public policy organization. Amy has proposed a Public Credit Registry to replace the established credit reporting agencies like Equifax and Trans Union. Her proposal was recently adopted by Joe Biden’s presidential campaign. On the next episode of Clark Hill’s Credit Eco To Go, Amy discusses the details of this proposal and how it would be implemented by the CFPB. Amy tells us that the goal is ultimately transpar...
Alternative Lending Coming into the Mainstream
September 28, 2020 16:00 - 29 minutes - 20.6 MBNicole Kontrabecki has been general counsel to some of the most well-known fintech companies. On the next episode of Clark Hill’s Credit Eco To Go, the future of alternative lending takes center stage in light of the recent settlement by the Colorado Administrator of the Uniform Consumer Credit Code with Marlette Funding and Avant. Nicole highlights the significance of the settlement which puts into place the elements of what the legitimate fintech/bank partnership will look like going forw...