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John M Pavey

Mr. Pavey has over 15 years experience in the areas of securities and insurance compliance. He earned the CFP and Series 7 designations in his prior positions, and has attended courses delivered by the NASD Institute for Professional Development at the Wharton School. His experience includes Sarbanes-Oxley 404 Compliance and Controls analysis and evaluation, consumer complaint analysis and resolution, and special investigations. He has 25 years of consumer credit risk management experience in the retail bank, bankcard and mortgage areas. He worked for Bank of America, Wells Fargo, Citicorp, American Express and GMAC/RFC. Mr. Pavey has a comprehensive knowledge of all retail credit and deposit products, prime and sub-prime mortgages, home equity loans and lines, direct and indirect auto lending and leasing, small business lending and merchant/dealer management.

He has authored innovated and proactive credit policies for sourcing/prescreening, origination, servicing and loss management in compliance with all federal and state laws and regulations, including GAAP for accounting and reserves, FAS 133 for hedging and derivative reporting management, Reg. Z, ECOA, CRA, FCRA, FDCPA, HMDA, RESPA, Basel 1 & 2, USA Patriot Act for Anti-Money Laundering, and Sarbanes-Oxley for management information audit and controls. Mr. Pavey has managed all aspects of servicing, including dynamic bankcard authorizations and limit management, repricing, renewals/reissue, collection prioritization, loss forecasting and merchant/dealer fraud management, including use of the HNC Falcon™ Fraud Monitoring Technology, and numerous technology projects involving the development of enterprise-wide credit risk management and analytic data warehouse environments, bureau interfaces, and internet applications using both HTML and Java.