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Richard P. Eckman Quoted in WSJ Pro Financial Regulation Article, 'FDIC Raps Pro-Fintech Bank'

4/04/2018
Richard P. Eckman Quoted in WSJ Pro Financial Regulation Article, 'FDIC Raps Pro-Fintech Bank'

Richard P. Eckman, a partner with Pepper Hamilton, was quoted in the April 2, 2018 WSJ Pro Financial Regulation article, "FDIC Raps Pro-Fintech Bank."

Observers pointed out the FDIC’s action targeted a company that renegotiates and consolidates debt for consumers, rather than a plain-vanilla lender. “Debt collection is fraught with risks,” said Richard P. Eckman, a partner at Pepper Hamilton LLP.

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“Compliance is king, and if you don’t have a top-notch compliance program and know exactly what your partner is doing, you’re going to get in trouble,” Mr. Eckman said.