Online Lending Policy Summit Offers Window Into Future of Collections

Last month I attended the Online Lending Policy Summit in Washington, D.C. A number of takeaways will be of interest to the ARM industry, including the Federal Reserve's view of the nation's regulatory structure, and some pre-election insight into the Democrats' agenda for leadership of the House Financial Services Committee.

The one-day event was hosted by the Online Lending Policy Institute (OLPI), which is based out of Boston University. It was attended by approximately 200+ (my estimate) state and federal regulators, as well as government affairs and industry stakeholders in the fintech space. Speakers were from the Office of the Comptroller of the Currency (OCC), Treasury, the Bureau of Consumer Financial Protection, Congress, and state regulators/attorneys general.

Overall messages I took away:

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