FactorTrust Hires Barbara Sinsley as General Counsel and Chief Compliance Officer

The Alternative Credit Bureau Makes Strategic Addition as it Sharpens Focus on Compliance

ATLANTA – FactorTrust, The Alternative Credit Bureau, announces the addition of Barbara Sinsley, general counsel and chief compliance officer, as part of the company’s commitment to compliance. Sinsley will provide FactorTrust with legal and regulatory guidance and manage the company’s internal and external compliance programs and products.

Sinsley’s 26 years of experience perfectly aligns with FactorTrust’s efforts to provide lenders with the most up-to-date and effective regulatory compliance information and solutions. She has extensive experience working with regulators such as the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC) and Attorneys General. Prior to joining FactorTrust, Sinsley practiced with Barron & Newberger, where she made a name for herself through intelligent representation of servicers, creditors, debt collectors, and debt buyers; focusing on improving compliance management systems.

“We are confident Barbara will be instrumental in expanding our footprint as a trusted partner to lenders, helping them stay compliant amidst ongoing industry changes and ultimately helping underbanked consumers get the credit they deserve,” states FactorTrust CEO Greg Rable. “Barbara is a highly accomplished attorney who has managed complex compliance issues, and her insight and comprehension of the regulatory environment will be a true asset to the company as we continue to develop our line of regulatory products.”

FactorTrust creates products for lenders based on the evolving needs of the industry. The recent CFPB Proposed Rule on short-term small-dollar loans has encouraged lenders and service providers alike to mobilize. New products will help to meet compliance requirements and reduce risk. FactorTrust’s Ability to Repay offering is a recent example of a product that meets proposed regulations, while also providing new avenues for revenue as well as creating more opportunities for lenders and better credit options for non-prime and near-prime consumers.

About FactorTrust

FactorTrust, The Alternative Credit Bureau, is relentlessly dedicated to proven analytics and clean credit information that provide lenders opportunities to grow more revenue, meet compliance regulations and serve more consumers with more credit options.

At the core of FactorTrust is alternative credit data not available from the Big 3 bureaus and analytics and risk scoring information lenders need to make informed decisions about the consumers they want. FactorTrust Alternative Credit Data and Analytics accurately predicts risk and ability to repay of near and non-prime consumer loans in real-time and enables financial service companies an opportunity to uncover creditworthy prospects that are not surfacing via traditional credit sources. Headquartered in Atlanta, the experienced FactorTrust team of predictive analytics specialists, statisticians and financial industry experts has delivered unique data and valuable insight to lenders throughout the U.S. for 10 years. For more information on the quarterly FactorTrust Underbanked Index or the company itself, visit www.FactorTrust.com.