Velocity Solutions Leads the Industry in Promoting a "Fairness First" Approach to Overdraft & Consumer Liquidity
Velocity Solutions Leads the Industry in Promoting a "Fairness First" Approach to Overdraft & Consumer Liquidity
FORT LAUDERDALE, Fla., May 16, 2024 /PRNewswire/ -- Velocity Solutions has launched an educational campaign encouraging community financial institutions to adopt a "Fairness First" approach to their overdraft and consumer liquidity services. The campaign was designed to address industry confusion caused by the CFPB's recent proposed overdraft rule, and the flurry of media coverage that followed.
佛羅里達州勞德代爾堡，2024年5月16日 /PRNewswire/ — Velocity Solutions發起了一項教育活動，鼓勵社區金融機構採取 “公平第一” 的方法來提供透支和消費者流動性服務。該活動旨在解決由CFPB最近提議的透支規則以及隨後的一系列媒體報道造成的行業混亂。
Velocity's campaign illustrates how the only fair approach in providing consumer liquidity is one that empowers consumers and allows them to make their own choices—while minimizing risk by assigning liquidity limits that they have the ability to repay. Velocity has nearly three decades' experience in this area, having worked directly with community banks and credit unions since 1995. Velocity also created the industry's only Consumer Liquidity Engine, a suite of solutions providing intelligent overdraft management, small-dollar consumer lending, Reg. E education and utilizing the proprietary VelocityScore in assigning liquidity limits. Velocity won a 2022 NAFCU Innovation Award for its Consumer Liquidity Engine.
Velocity的活動表明，提供消費者流動性的唯一公平方法是賦予消費者權力，允許他們做出自己的選擇，同時通過分配流動性限額來最大限度地降低風險 還款能力。 Velocity在該領域擁有近三十年的經驗，自1995年以來一直直接與社區銀行和信用合作社合作。Velocity還創建了業界唯一的消費者流動性引擎，這是一套提供智能透支管理、小額消費者貸款的解決方案，Reg.電子教育，並使用專有的VelocityScore來分配流動性限額。Velocity憑藉其消費者流動性引擎獲得了2022年NAFCU創新獎。
Christopher Leonard, Velocity Solutions CEO, is a recognized authority in this field, having been invited to provide quotes and articles for industry publications, participation in panels and speaking engagements for Velocity clients and partners, and also provides consultative advice directly to Velocity clients. In addition, Velocity Solutions is hosting a live Webinar on June 13, 2024 at 2:00 PM ET: Overdraft & Consumer Liquidity: How to Put Fairness First. In this Webinar, Christopher will outline best practices for providing fair, responsible & compliant liquidity solutions, while breaking down the impact that the CFPB's proposed rule could have for financial institutions under $10B and over $10B in assets.
Velocity Solutions首席執行官克里斯托弗·倫納德是該領域的公認權威，他應邀爲行業出版物提供報價和文章，爲Velocity客戶和合作夥伴參加小組討論和演講，還直接向Velocity客戶提供諮詢建議。此外，Velocity Solutions將於美國東部時間2024年6月13日下午2點舉辦網絡研討會直播： 透支和消費者流動性：如何將公平放在首位。 在本次網絡研討會中，克里斯托弗將概述提供公平、負責任和合規的流動性解決方案的最佳實踐，同時分解CFPB的擬議規則可能對100億美元以下和超過100億美元資產的金融機構產生的影響。
"We and our clients overwhelmingly view the CFPB's action as positive confirmation that overdraft is here to stay, contrary to the narrative some are promoting in the financial press," said Christopher Leonard. "We strongly believe that overdraft fees need to be separated from functionality – the functionality of providing liquidity to consumers that need it is critical. The ongoing debate is focused on the fees."
克里斯托弗·倫納德說：“我們和我們的客戶絕大多數認爲CFPB的行動積極證實了透支將繼續存在，這與某些人在金融媒體上宣傳的說法相反。”“我們堅信，透支費用需要與功能分開——向有需要的消費者提供流動性的功能至關重要。正在進行的辯論集中在 費用。”
"The CFPB proposed rule could potentially harm the most vulnerable consumers by making the regulated banking system unaffordable for them, and that's not a scenario that anybody wants," Leonard continued. "Velocity has advocated for greater fairness in overdraft for many years, just as the CFPB has. The reality is that financial institutions have responded positively to this call to action without the need for regulation. Our goal in launching this educational campaign is to demonstrate that community financial institutions can and should make responsible, sensible changes focused on improving fairness."
倫納德繼續說：“CFPB的擬議規則可能會使最弱勢的消費者負擔不起受監管的銀行系統的費用，從而傷害他們，這不是任何人想要的情況。”“就像CFPB一樣，Velocity多年來一直倡導提高透支的公平性。現實情況是，金融機構在無需監管的情況下對這一行動呼籲做出了積極回應。我們發起這項教育活動的目標是證明社區金融機構可以而且應該做出以提高公平性爲重點的負責任、明智的變革。”
In addition to the live webinar, Velocity's "Fairness First" campaign includes a variety of multimedia educational resources, including videos, original content, and an infographic illustrating the top seven ways to make an overdraft program the fairest it can be. Registrants for the 6/13/24 webinar will receive immediate access to the entire suite of educational overdraft resources.
除了現場網絡研討會外，Velocity的 “公平第一” 活動還包括各種多媒體教育資源，包括視頻、原創內容和一張信息圖，該信息圖說明了使透支計劃儘可能公平的七種主要方法。24年6月13日網絡研討會的註冊者將立即獲得全套教育透支資源。
To register for the 6/13/24 Webinar, visit .
To read about Christopher Leonard's overdraft credentials, click here.
要註冊參加 24 年 6 月 13 日網絡研討會，請訪問。
要了解克里斯托弗·倫納德的透支憑證，請點擊此處。
Media Contact: Beth Planakis, Director of Marketing, Velocity Solutions: [email protected]
媒體聯繫人： Velocity Solutions 營銷總監貝絲·普拉納基斯：[email protected]
About Velocity Solutions, LLC
Founded in 1995 and servicing the transaction accounts of over 30 million consumers and business owners, Velocity Solutions is the leading provider of technology solutions that drive revenue, service and compliance for community banks and credit unions. Our Velocity Intelligent Platform powers all of Velocity's solutions, using machine-led intelligence that delivers powerful analytics, manages risk, and drives revenue, loans, account holder engagement and non-interest income to our client financial institutions. For more information, please visit myvelocity.com.
關於威速解決方案有限責任公司
Velocity Solutions成立於1995年，爲超過3000萬消費者和企業主的交易賬戶提供服務，是提高社區銀行和信用合作社收入、服務和合規性的技術解決方案的領先提供商。我們的Velocity智能平台使用機器主導的情報爲Velocity的所有解決方案提供支持，該智能提供強大的分析，管理風險，並提高客戶金融機構的收入、貸款、賬戶持有人蔘與度和非利息收入。欲了解更多信息，請訪問 myvelocity.com。
SOURCE Velocity Solutions, LLC
來源 Velocity 解決方案有限責任公司
譯文內容由第三人軟體翻譯。