Meet operational and regulatory challenges head-on with BKD's consumer finance expertise.
Our consumer finance team serves hundreds of mortgage, auto finance, credit card and debt collection clients nationwide. There’s been unprecedented change and uncertainty in recent years, with the Consumer Financial Protection Bureau and other federal and state regulators targeting consumer finance practices. And in the mortgage industry, managing government-sponsored enterprise (GSE) requirements amid continual regulatory scrutiny adds even more complexity.
Managing and mitigating risk is critical for companies involved in consumer debt lending, servicing and collection. A comprehensive approach to risk management should include a robust compliance management system (CMS) and knowledgeable, experienced and consultative internal audit staff as well as business processes that mitigate risk while driving growth. We can train your employees on new developments, fully outsource or co-source with your staff or work with you on many of your organization’s regulatory, internal audit, vendor management and information technology (IT) functions or cybersecurity concerns.