Ohad Samet Named to Inaugural Debt Collection Advisory Committee of the California Department of Financial Protection and Innovation (DFPI)
Share Article
Samet, the CEO and cofounder of TrueAccord Group, was selected as part of a new seven-member board that will provide critical feedback to the DFPI as it stands up its debt collection licensing program. Lenexa, KS (PRWEB) May 21, 2021 Ohad Samet, CEO and cofounder of TrueAccord Group, has been named to the inaugural debt collection advisory committee of the California Department of Financial Protection and Innovation (DFPI). The debt collection advisory committee is a new seven-member board that will provide critical feedback to the DFPI as it stands up its debt collection licensing program.
UK regulator tells neobanks not to liken themselves to banks
Download
Share
The UK’s Financial Conduct Authority (FCA)
warned the chief executives of neobanks in a Tuesday letter to avoid comparing their upstart companies with licensed banks, voicing concern that consumers may think the challengers’ offerings have the same risk profiles as those from established players. Within six weeks, fintechs that operate under an e-money license such as Revolut must notify customers about how protections they offer are different from licensed banks’, such as a lack of Financial Services Compensation Scheme
The FCA’s warning is the latest case of regulators tightening oversight of neobanks.
IN BRIEF: California regulator hires ex-Consumer Reports atty to lead new innovation office reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The Federal Reserve seeks comment on new guidelines for Fed Regional Banks to consider when deciding whether to extend Fed membership or services to nontraditionally chartered entities.
2 Min Read
The California flag flies above City Hall in Santa Monica, California February 6, 2009. REUTERS/Lucy Nicholson (UNITED STATES)
(Reuters) - California’s financial regulator has tapped an attorney with a background in consumer protection to lead a new office aimed at fostering responsible innovation in fintech.
The California Department of Financial Protection and Innovation said Monday that Christina Tetreault, who most recently served as manager of financial policy for Consumer Reports, would lead its Office of Financial Technology and Innovation.
The new office was mandated by a law that took effect in January. The law expanded the DFPI’s authority to oversee fintech companies, debt collectors and other previously unregulated businesses.