On May 22, 2017, the Consumer Financial Data Rights group sent a letter to the Consumer Financial Protection Bureau on it’s Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process. The letter can be found here.
Co-Founder and Head of Operations Kathryn Petralia has worked for over twenty years with large and small companies focused on credit, payments, and commerce. The Furman University English major “immediately saw the value in using technology to reexamine lending” when future Kabbage CEO Rob Frohwein and Co-founder shared his idea for what became Kabbage. She believed funding
Young digital-first firms hoping to revolutionize the way advisers manage client finances and build their wealth claim they have run into resistance from major banks opposed to sharing financial data. A heated industry debate has evolved, hinging on Section 1033 of the Dodd-Frank Act, which grants customers a right to access their personal financial data.