Regional Management Corp. announced that it has appointed Manish Parmar as its new Chief Credit Risk Officer, effective immediately. His predecessor, Daniel J. Taggart, will remain with the company to ensure a smooth and orderly transition before departing from the company in the first quarter of 2020. Mr. Parmar joins Regional Management with nearly 20 years of credit and financial experience across a broad range of functions, including credit risk, analytics, financial partnerships, database marketing, and modeling. Prior to joining Regional Management, he was Chief Credit and Analytics Officer at Conn’s Inc. In addition to his tenure at Conn’s, he held several senior management roles at Discover Financial Services, ultimately becoming its Head of Consumer Credit Risk Management.
Regional Management Corp. is a diversified consumer finance company. The Company provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Its products include small and large installment loans. It provides its customers optional payment and collateral protection insurance. It offers small installment loans with cash proceeds to customers ranging from $500 to $2,500, with terms of up to 48 months. It offers large installment loans with cash proceeds to customers ranging from $2,501 to $25,000, with terms between 18 and 60 months. It offers its customers optional payment and collateral protection insurance relating to its loan products, including credit life insurance, accident and health insurance, involuntary unemployment insurance, and personal property insurance. The Company also offers indirect retail installment loans of up to $7,500. It operates under the name Regional Finance.