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Is Compliance Umbrella an Insurance Policy?


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Mar 17 2017
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Comments to us from more than one attorney have described what we're doing as a federal audit insurance policy. We're not an insurance policy but the thought is worth mentioning. So our service is not insurance - we don't sell insurance. Most worthy of mention is that the Bureau, in their Consent Orders, expressly forbids using insurer funds to pay a civil money penalty. This exclusion is not mentioned in regard to the primary fine (the big amounts for restitution, redress, etc. - the actual harm to the consumers). These awards go up to nine figures (that's hundreds of million$). And these amounts are not appropriate for insurance coverage as these are simply refunds as redress to consumers injured by illegal actions. In the alternative, these amounts are shown by the CFPB to have occurred willfully and intentionally AND as was mentioned to us by a top CFPB defense attorney, no law firm ...

Want to Run With the Race Horses?


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Mar 02 2017
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Want to Run With the Race Horses?

       I attended a new company launch party after work last night. And I didn't have to leave the office to do that. My office is at DevDigital in Nashville. The company I founded is one of the first group of equity partnerships at Kernel Equity . . . the newest high-tech company in Nashville.        And yes, I want to run with these race horses. The founders of Kernel are amazing. And once they decide to put an entry into a particular race - that race is won, before the starting gate opens.  If there's a good idea involved and the Kernel assessment is positive, that idea and founder gets to run with a Fortuner 500 trainer (Todd McCullough), as well as a partner that built a $100 million dollar company, and a national fiber network with locations across the U.S. and in Europe, and the largest online store ever on eBay (Peter Marcum).        Every deal selected by these two race horses w ...

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