Steli Stoianovici

He has 20 years of diverse experience working in consulting, for financial institutions or as a financial manager. He specializes in financial services research, consulting, regulatory, investigation and litigation support, with a focus on quantitative or econometric analysis, consumer lending or demand deposit products, credit risk, credit scoring, and discrimination in lending, including underwriting, pricing, and redlining issues.

He has a wide-range of case experience, including the computation of class-action damages and assessing the impact of new rules, such as the impact on lenders’ profitability of the 2016 proposed CFPB Payday Loans Rules, of the 2022 proposed rule and the 2023 final rule with amendments to the regulations implementing the Community Reinvestment Act. Dr. Stoianovici has experience performing model validation of stock valuation models, supporting a bank in a CFPB investigation of overdraft fees for authorize-positive-settle-negative transactions, supporting a bank during investigations of alleged improperly placed holds on deposits, supporting a student loan guarantor in a CFPB investigation related to rehabilitation agreements. He has evaluated the fairness/fair lending risk of scoring models developed and used by financial institutions (such as credit, fraud, or marketing scores) including scores developed using machine learning algorithms, and other regulatory compliance/investigation/litigation support, primarily related to consumer lending or demand deposit products.

Prior to his Ph.D., he worked for an asset management company, a brokerage firm, and a printing agency group in an emerging market. He managed tax compliance, tax audits, and all accounting functions, including the preparation of income and tax return forms.