Originally recorded on March 15, 2016, 48 minutes
A recorded webinar brought to you by CUNA Strategic Services and LendKey.
Alternative online lenders are gaining traction in the unsecured consumer lending market. Recent validations of online lenders by large financial institutions, including JP Morgan Chase and Citi, creates risk for credit unions trying to grow market share.
Many credit unions are pursuing relationships with online lending platforms to help them better compete in this new digital environment. But what else do they need to know?
This thriving online lending market is not without credit or regulatory risk. New and unproven underwriting models and fraud risks are emerging frequently. In this presentation, we'll address the landscape of the online lending market and the steps you can take to ensure compliance when building out your digital lending operation.
Jason Hills, SVP of sales at LendKey, has 18 years of experience in sales and the management of sales teams, with both start-up and mature financial technology companies. Prior to LendKey, he was senior vice president of sales at Fiserv where he led a digital channels and electronic payments sales team.
David Mark, SVP of regulatory compliance counsel at LendKey, joined the company in March 2011. David’s expertise pertains to consumer credit regulations and fair lending compliance, privacy and data security compliance, complex commercial contracts, and employment law.