Financial Forward: The Future of Consumer Finance & Banking
The Financial Forward podcast dives deep into the world of consumer finance, banking regulation, and financial technology. Hosted by Jim McCarthy, a founding member of the CFPB and a leading expert in financial regulation and risk management, this podcast unpacks the latest trends shaping the financial industry.
Each episode features insightful conversations with top industry leaders, breaking down credit card policies, fintech innovations, CFPB regulations, banking compliance, and financial consumer protection. Whether you're a banking executive, fintech entrepreneur, compliance officer, or consumer advocate, Financial Forward keeps you ahead of the curve.
🔹 Topics We Cover:
✅ Consumer Finance & Banking Trends
✅ CFPB Regulations & Enforcement Actions
✅ Financial Technology (FinTech) & Innovation
✅ Credit Cards, Loans, & Consumer Protection
✅ Compliance, Risk Management & AI in Finance
🔔 Subscribe now and stay informed on the future of consumer finance! Available on Apple Podcasts, Spotify, Google Podcasts, and more.
👉 Follow Jim McCarthy on LinkedIn for exclusive insights and updates!
Financial Forward: The Future of Consumer Finance & Banking
Predatory Lending Pitfalls: Mollie's Small Business Survival Story
In this episode of Financial Forward, host Jim is joined by Mollie, a small business owner in the medical device certification industry. The conversation navigates Mollie's journey from her education in microbiology to the challenges she faced in the financial management of her business. Highlighting the predatory lending practices she encountered, Mollie's story serves as a cautionary tale for entrepreneurs.
They discuss the intricacies of cash flow management, the impact of high-cost short-term financing, and the need for regulatory reforms to protect small business owners. This episode is a valuable resource for entrepreneurs and those keen on understanding financial strategies in business.
00:00 Introduction to Mollie's Story
01:32 Mollie's Background and Career Journey
02:41 Starting and Managing a Small Business
04:38 Challenges of Cash Flow Management
14:36 The Predatory Lending Trap
27:01 Reflections and Advice for Small Business Owners
32:53 Conclusion and Final Thoughts
More from Jim:
LinkedIn: https://www.linkedin.com/in/mccarthyhatch/
https://www.mccarthy-hatch.com/