Financial Industry Veteran with CFPB Experience Brings Strategic Perspective in Rapidly Changing Market
FactorTrust, The Alternative Credit Bureau, announces the addition of industry veteran Marla Blow to its Board of Directors. She will lend her expertise to the organization’s Audit and Risk Committee.
Blow is founder and CEO of FS Card Inc., a Washington D.C.-based credit card venture designed to offer underserved borrowers flexible, convenient and reasonably priced mainstream credit card products.
Blow previously served as Assistant Director at the Consumer Financial Protection Bureau (CFPB) where she was responsible for policy related to the credit card, prepaid card and payments industries. During her tenure at CFPB, Blow served as a lead author of the federal government’s most comprehensive analysis of the consumer credit card market to date. Blow’s experience also includes seven years at Capital One, including senior roles in risk management, marketing, finance and business development. Blow is a Henry Crown Fellow at the Aspen Institute in 2015 and is a member of the Aspen Global Leadership Network. She holds an MBA from Stanford University Graduate School of Business, and a BS from The Wharton School at the University of Pennsylvania.
“We are delighted that Marla has joined our team. Her private sector experience and industry acumen, coupled with her CFPB tenure, will prove to be a huge asset to FactorTrust as we continue to grow, expand our offerings and strategically navigate the changing landscape of our industry,” says Greg Rable, FactorTrust CEO.
“I’ve been impressed with FactorTrust’s commitment to creating solutions for the underserved market. The alternative lending market is more relevant today than perhaps ever before. It’s critically important to offer options to consumers who have shown the ability to be financially resilient in tough times. FactorTrust’s unique credit data and predictive analytics give deserving consumers more options, ultimately empowering millions of Americans and getting them the credit that they deserve and need. I am proud and excited to join their team,” says Blow.
FactorTrust, The Alternative Credit Bureau, helps lenders manage the credit lifecycle of underbanked consumers using unique alternative credit information not available from the Big Three bureaus, enabling them to offer non-prime consumers the credit they deserve. Nearly 100 million U.S. adults have non-prime scores. Leveraging the company’s credit information, lenders can more accurately predict future borrowing behavior, credit performance and risk scoring for this growing segment. Headquartered in Atlanta, the experienced FactorTrust team of predictive analytics specialists, statisticians and financial industry experts has delivered unique data and valuable insight to lenders throughout the U.S. for nearly 10 years. For more information on the quarterly FactorTrust Underbanked Index or the company itself, visit www.FactorTrust.com.