FactorTrust recently added a former top official at the Consumer Financial Protection Bureau to its board of directors
Lending her expertise to the organization’s audit and risk committee is industry veteran Marla Blow, who now is founder and chief executive officer of FS Card, 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 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 bachelor’s degree 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,” FactorTrust CEO Greg Rable said.
Blow added, “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,” she continued. “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.”