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Why Your Consumer Complaint Response Function Is Vital to Your Business
If you’re offering a financial product or service to consumers, such as a deposit account, loan, credit card, or payment service, you need a strong consumer complaint response function. This is true whether you’re an established financial institution or just starting out.
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The Fintech Deal Long Pole: License Change of Controls
From a legal perspective, there’s a lot that goes into buying or making a significant investment in a fintech company. Beyond the purchase agreement, there’s governance, IP, employment, contract, compliance, privacy, tax, real estate and ESG issues. What’s the most important issue of the lot for a fintech target with state financial services licenses? The Flash staff posits that it’s one of the least glitzy ones – the one that’s the long pole to closing and can cause delays: license change of control approvals by state regulators. In this Flash, we give a primer on change of controls and point up important things you should you know about them.
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