The 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, merges the most updated law and regulatory requirements into compliant disclosures and communications to consumers. Technology will never replace attorneys, but attorneys who practice in financial services will need to appreciate that technology can make them serve their clients better.  

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Amy 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 transparency but also to achieve more equity and accountability in the credit reporting process. A must listen for industry.  

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Nicole 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 forward. This is a win for both industry and consumers. 

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Stewart Stockdale, Chairman & CEO Rellevate, Inc. stops by Clark Hill’s Credit Eco To Eco to talk about his company’s new payment platform that helps lower income and gig workers access financial services. 32 million people in this country lack a bank account or are underserved by their banking institutions. Rellevate’s mission is to provide consumers with access to their money at a fair price. A monthly subscription based service provides consumers with a variety of financial services including a checking account, bill pay services and earned wage advances. Rellevate sees themselves as a tool to improve cash flow and access to capital, something traditional financial services have struggled to provide for this portion of the population.  

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Nicholas Smyth, Sr. Deputy AG for the Pennsylvania Attorney’s General Office stops by Credit Eco to Go to talk about the Dodd Frank legacy on its 10 year anniversary. Nick was one of the architects of Title X which created the CFPB and he tells us that the Bureau’s impact can be felt today as financial institutions are better prepared for the potential economic crisis resulting from COVID-19.  Nick is also the Assistant Director of the Consumer Protection Unit, the first such “Mini-CFPB” in the country and he discusses its impact upon Pennsylvania consumers and how other states, like California, will soon be following suit.   

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Bryan Filkey from PCMA stops by Clark Hill’s Credit Eco To Go to discuss the state of the mortgage lending industry. Dodd Frank established the qualified mortgage (QM), a safe harbor for mortgage lenders. Currently over 90% of the residential mortgage loans originated are not only QM but now are government-backed, leaving little room for the private lending market. Bryan also talks about the pending lapse of the QM-Patch, the implications that could have on the mortgage market as well as home prices and the CFPB’s proposal for a “seasoned” QM.

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

The OCC is expanding its footprint with the intended goal of being the regulator of choice for fintechs. Why are they doing this? John Barrickman, President of New Horizons Financial Group stops by Clark Hill’s Credit Eco To Go and provides some answers.  John points out that the OCC’s universe is getting smaller and they are trying to find ways to stay relevant through funding and otherwise. The logical target is fintechs and the OCC is trying to create a symbiotic relationship by addressing the needs of fintechs with proposals for uniform licensing, standardized interest rates and a potential payment charter. However, John points out that the OCC’s primary competition at the moment is from state banking regulators, who are also developing their own licensing scheme and are pushing back on the OCC’s proposals. This tug of war will continue especially if there is a change in administration after the election.   

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Sheila Monroe, CEO of TrueAccord Corp, stops by the next episode of Clark Hill’s Credit Eco To Go to talk about the credit ecosystem from the consumer perspective. TrueAccord has been a disrupter in the accounts receivable management industry.  Instead of viewing consumers as individual debtors, their approach has been to guide consumers through the life cycle in part by tailoring technology to customize outcomes as well as to build goodwill so consumers will ultimately succeed financially beyond the payment of a debt. 

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Small and regional financial institutions have always struggled with the implementation and development of regulatory compliance and risk models. Many lack the resources to incorporate technology into this process. On the next episode of Clark Hill’s Credit Eco To Go, Ryan Canin, CEO of Docfox, talks automation and the new technologies that are advantageous for smaller institutions. Ryan also discusses the new opportunities that may exist under the proposals being considered by the FDIC which will simplify and standardize the bank/fintech partnership.

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

In the age of COVID, digital payment systems became the life line for many consumers. Ed Bills, COO of PDCflow stops by Clark Hill’s Credit Eco To Go to talk about his company’s wholistic view of payment processing both as a delivery system and a customer engagement tool. Payments are only one part of the consumer interaction. Looking forward, Ed believes that payment platforms will need to be more configurable in order to ensure that consumers will have more control over their personal information. This will build trust, prevent fraud and provide the necessary security for all parties involved.  

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.   

Funk Game Loop by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3787-funk-game-loop
License: http://creativecommons.org/licenses/by/4.0/

DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.