C-Suite Review
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C-Suite Financial Services Review: Breaking down (language) barriers: A practical approach to LEP borrowers
In roughly 5.3 million households in the United States, the head of the house doesn’t speak English as the primary language or has limited ability to understand it. But like most individuals seeking full participation in the U.S. economy, those with limited English proficiency need access to credit...
C-Suite ReviewC-Suite Financial Services Review: Anchoring your compliance management system in today’s regulatory environment
Financial services companies have welcomed recent efforts by the federal government to minimize regulatory burden on the industry and view this trend as opening the door to innovation, development, and expansion. Among the most pressing questions these companies face as they explore new...
C-Suite ReviewC-Suite Financial Services Review: Navigating state money-transmission laws
Financial technology companies’ entry into the payment, money transmission, consumer and commercial finance, and virtual-currency markets has spotlighted byzantine state money-transmission laws. State regulators are generally responsible for licensing and supervising the activities of money...
C-Suite ReviewC-Suite Financial Services Review: Doing your diligence: Monitoring of portfolio companies
Federal regulators have historically shied away from pursuing claims against private equity and venture capital firms for the activities of portfolio companies, but enforcement actions brought by the Consumer Financial Protection Bureau and the Department of Justice within the last year signal a...
C-Suite ReviewC-Suite Review: Expanded role for the FTC on the road ahead?
Recent changes in agendas and leadership at the federal level are prompting companies offering financial products and services to question what consumer protection enforcement will look like on the road ahead. There has been significant discussion about the increasing role of state regulators,...
C-Suite ReviewC-Suite Financial Services Review: Why and How To Reduce Your Flood Risks
We get it: The simple mention of climate change invokes a visceral reaction from believers and skeptics alike. Rest assured; we are not trying to achieve consensus regarding the planet’s future through this article. We do, however, want lenders and servicers to take a fresh look at some...
C-Suite ReviewC-Suite Financial Services Review: The Return of the Wholesale Mortgage Broker
The prevalence of wholesale mortgage brokers has fluctuated dramatically in the past two decades, peaking in the mid-to-late 2000s due to high homebuyer demand and a comparatively lax regulatory environment, and crashing with the housing market and subsequent financial crisis. The massive overhaul...
C-Suite ReviewC-Suite Financial Services Review: Building a Better Compliance Management System
The change in leadership and direction at the Consumer Financial Protection Bureau has prompted many providers of consumer financial services to question the importance of a rigorous, well-coordinated compliance management system. Changing emphasis and easing back — and saving some time and expense...
C-Suite Review