Credit card startup Petal announced the appointment of Elizabeth Corbett as general counsel and chief compliance officer.
Corbett is expected to help the company firm up its regulatory standing. Her career includes a stint at the Consumer Financial Protection Bureau (CFPB), in addition to time spent as an assistant U.S. attorney in the U.S. Attorney’s Office for the District of Columbia.
“Eli brings an incredible diversity of expertise in law, policy, and compliance. In addition, she knows how to scale—having served as a key member of the team that built the CFPB into a fully functioning federal agency,” said Petal CEO Jason Gross in a press release. “Her leadership will be critical as Petal is growing faster now than ever before.”
Corbett joins Petal from State Employees’ Credit Union in Raleigh, N.C., where she worked as deputy general counsel, SVP of compliance, and bank secrecy officer. In that position, she advised executive management on various legal and regulatory matters and managed the institution’s compliance program.
Prior to that, Corbett served as counsel for law firm Alston & Bird. She preceded that with more than five years spent at the CFPB, where she worked her way from enforcement to eventually become the acting chief of staff for the agency.