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
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Financial Forward: The Future of Consumer Finance & Banking
The Speed of Risk
Episode Title: The Speed of Risk: Bridging the Gap Between Compliance Models
Podcast: Financial Forward – A McCarthy Hatch Podcast
Duration: 43:33
Episode Summary:
In this episode of Financial Forward, host Jim McCarthy explores the evolving dynamics of risk management in the financial sector. Drawing on his expertise as a former founding member of the CFPB, Jim compares the traditional compliance methods of prudential regulators with the CFPB’s modern, data-driven approach. He highlights the challenges banks face in adapting to real-time risk identification and the urgent need for a mindset shift to align with 21st-century regulatory expectations.
What You’ll Learn:
- The limitations of legacy compliance models built for prudential regulators.
- How the CFPB uses consumer sentiment data to uncover harm in real time.
- Why time is no longer a luxury in managing regulatory risks.
- Strategies for modernizing compliance systems to meet today’s demands.
- Practical insights on how banks can proactively identify and mitigate risks.
Key Takeaways:
- Risk identification has dramatically accelerated with the CFPB’s innovative methods.
- Legacy compliance systems often delay actionable insights, increasing vulnerability.
- Embracing real-time analysis and modern compliance tools is essential for staying competitive.
Resources Mentioned:
- CFPB Consumer Complaint Database (consumerfinance.gov)
- McCarthy Hatch Insights on Compliance and Risk (McCarthyHatch.com)
Connect With Us:
- Website: McCarthy Hatch
- LinkedIn: McCarthy Hatch on LinkedIn
- Email: info@mccarthyhatch.com
More from Jim:
LinkedIn: https://www.linkedin.com/in/mccarthyhatch/
https://www.mccarthy-hatch.com/