News
August 13, 2018
Justin Hosie quoted in Auto Finance News article on the CFPB's new Global Financial Innovation Network (GFIN)
On August 10, Auto Finance News quoted Hudson Cook Partner Justin Hosie on the CFPB's new "regulatory sandbox," known as the Global Financial Innovation Network (GFIN). Although the idea of a regulatory sandbox isn't new, the previous "Project Catalyst" under former CFPB director Richard Corday " . . didn't carry much credence," said Justin. "The idea is simple: there are regulatory ambiguities, and rather than keeping your fingers crossed that you won't get in trouble - you can get approval."
Justin primarily focuses his practice on regulatory compliance for alternative financial service providers, including consumer lenders, rent-to-own providers, pawnbrokers and small business lenders.
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