Dan Quan is Founder and Managing Partner of Banks Street Advisory, a boutique consulting firm that provides trusted advice to fintech companies and venture investors.
More recently, Dan served 5 years as Senior Advisor to Director Richard Cordray at the U.S. Consumer Financial Protection Bureau (CFPB) and led the CFPB's fintech office, the first of its kind in the world. Dan focused his work on identifying and promoting innovative technologies and business models that can solve the most complex issues in consumer finance. He aggressively and successfully pushed policies that enabled a thriving fintech ecosystem, including consumer-permissioned data access/open banking and the use of AI and alternative data in credit underwriting. Under his leadership, the CFPB issued its first No Action Letter to Upstart Network. He directed and formed four public-private partnerships with fintech companies, large financial institutions and top economists to study consumer finance issues and advance the CFPB’s policy agenda.
Dan conceived and developed the first regulatory sandbox at the federal level in the U.S. If implemented faithfully to its original design, the sandbox will help unleash a new wave of innovations. Solely due to his effort, the CFPB joined the Global Financial Innovation Network (GFIN), a group of 12 financial regulators that aim to foster regulatory cooperation and innovation.
Dan was a researcher at Harvard Business School (HBS). He was a key contributor to two influential HBS research projects on the U.S. competitiveness: Prosperity At Risk (2012) and Competitiveness At A Crossroads (2013).
Dan is a Chartered Financial Analyst (CFA) charterholder.