Former Discover Chief Risk Officer and CFPB Advisory Board Member Joins Grow Credit as Advisor
SANTA MONICA, Calif., December 08, 2021--(BUSINESS WIRE)--Grow Credit, a financial inclusion platform committed to building credit and improving credit scores, today announced the appointment of Brian Hughes as an advisor. Hughes will advise Grow Credit on optimizing user underwriting, developing Grow Credit’s card businesses, and providing general business counsel. He will be joining a talented and experienced group of advisors, including Gaurav Bhargava, CRO at Earnin, Mike Vaiana, a former M&T Bank Artificial Intelligence Developer, Yasi Samimi, VP of Growth at Truebill, and others.
"Brian is a pragmatic business leader with financial experience and a passion for business strategy and development," said Joe Bayen, Founder and Chief Operating Officer at Grow Credit. "His addition comes at the perfect time as we continue to pursue mission-driven initiatives and an inclusive financial market."
Before joining Grow Credit, Hughes was most recently Chief Risk Officer for Discover Financial Services. He notably served as an Advisory Board Member for the Consumer Financial Protection Bureau (CFPB), where he provided counsel to bureau leadership on consumer and industry trends and regulatory policy. Before joining Discover, he served as Senior Executive Vice President and CEO of Card and Retail Services for HSBC. He led HSBC's $30 billion credit card business in the US, including co-brand, private label, and non-prime portfolios.
"I'm excited to join Grow Credit," Hughes said. "Grow Credit is transforming how to establish credit, and the social impact that brings help to build a more inclusive financial industry."
This announcement comes off the heels of Grow Credit’s plans to roll out their new Credit Builder App for Students, initially as an Apple iOS exclusive for 60 days beginning December 9. The platform reports a $204 line of credit to Equifax, Experian, and TransUnion, allowing Grow Credit users to demonstrate a positive repayment history to build credit.
About Grow Credit Inc.
Grow Credit's innovative credit building service lowers the barrier of entry for millions of Americans who need to establish and build credit. Combining a small-dollar loan with a virtual Mastercard, the service manages subscription payments, such as Netflix, and reports loan balances to the credit bureaus. The Mastercard is issued through Sutton Bank and is exclusively designed to pay subscription payments. The company is based in Santa Monica and was founded in 2018 by financial industry veterans.
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