Credit Eco to Go: Data… the Good, the Bad and the Soon to be Regulated

http://www.insidearm.com/news/00047263-credit-eco-go-data-good-bad-and-soon-be-r/

Editor's note: This podcast episode is provided through an exclusive industry partnership between insideARM and Clark Hill, PLC. Podcast host Joann Needleman, a leading financial services attorney and member of the iA Legal Advisory Board, provides bite-sized hot topics in the consumer finance space. ClarkHIll content—and all insideARM articles—are protected by copyright. All rights are reserved.

Clint Lotz, President and Founder of TrackStar stops by Clark Hill’s Credit Eco to Go to talk not only about data, but he weighs into the debate of data regulation. More and more states are enacting laws that give consumers more control over their own data. Industry opposes a fragmented regime and instead favors a national standard.

Clint disagrees and sees states being in a better position to align their privacy laws with the needs of their constituents. At the federal level, Clint sees agencies like the CFPB weighing into the regulation of data, especially when the economy starts to recover and lending increases. Ultimately the consumer needs to know whether their own data will be their friend or foe.

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