A Positive Impact on Consumer Finance Businesses? Here’s Brian’s Take
We sat down with Brian Larson, Director of Sales at Compli, and asked him what impact Compli has on financial businesses. Here is what he had to say:
Want More Info?
The latest corporate compliance news around the topic of CFPB Compliance. Tools and insights to keep you out of the regulator’s crosshairs.
How impactful is the purpose of Compli? Well, we specialize in compliance, specifically workforce compliance automation software. It’s a long descriptor, but it’s very important. If you look at the headlines today, especially in the vertical that I focus on, consumer finance, it’s all about the Consumer Financial Protection Bureau (CFPB), consumers’ rights as it relates to finance, making sure financial lenders, debt collectors, debt servicing organizations are doing things the right way.
We enable them to make sure they are, in fact, doing that, that they’re putting forth good faith efforts, and organizing and enacting a compliance program the way it’s supposed to be done. Very difficult, if not impossible, for those organizations to do that without a solution like ours.
Ultimately, the end goal is to prove they’re doing the right things, but the result of that is a more efficient company. It’s better for their bottom line, and just as important or perhaps more important, it means that consumers are being treated the right way.
So all those, I think, are very heavy impacts, and it plays a big role, certainly, in those consumer-facing industries, and others as well.
