CRA’s Brad Dragoon and Elaine Wood served as advisors to a start-up Fintech platform dedicated to providing financial products to under-banked communities and fee-free global remittance services. They developed a remediation plan to address elevated levels of rejected payments, which was presented to the Fintech’s financial partners. They also mapped out the platform’s banking and payment touchpoints to assess the risks and potential regulatory requirements associated with the company’s planned operations.
COVID-19 crisis – Mortgage forbearance considerations
During the current COVID-19 crisis, many financial institutions have responded by tightening their lending standards while increasing allowable forbearance...