For Immediate Release: April 8, 2013
Providence College Appoints New Endowed Professorship
The Michael A. Ruane Chair is the College’s second endowed chair and the first in its newly-accredited School of Business
Providence, R.I. – Providence College today announced the appointment of Dr. M. Cary Collins as the distinguished Michael A. Ruane Endowed Chair for Innovation in Business Education effective this summer. The new, endowed chair was established by Michael Ruane ’71 who served as chairman of the Board of Trustees at PC from 2002 until earlier this year.
This is the College’s second academic chair and the first within PC’s newly-accredited School of Business. The College's first endowed chair, the Rev. Robert Randall Distinguished Professorship in Christian Culture, was established in 2002.
In addition to teaching classes, as the Ruane Chair Dr. Collins will be charged with building a culture of mutual support and reflection around faculty teaching and learning experiences that spans departments. He will also spur greater cross-school integration to support the mutual extension of expertise across disciplinary boundaries through co-curricular and team-teaching activities.
Presently, Collins is serving as Trustee Professor of Entrepreneurship and Director of the Global Entrepreneurship Program at Bryant University. Prior to joining Bryant, he held the Home Federal Bank/David Sharp Professorship of Banking at The University of Tennessee. Collins’ experience spans a broad range of issues including fair lending & bank loan compliance, credit risk & credit scoring, as well as asset backed securitization (ABS). He is an applied financial economist with professional experience in advanced quantitative methods, microeconomics and statistical methods.
While at The University of Tennessee, he founded Risk Management Solutions, Inc., a company he later sold to a public holding company. Specifically, Collins was the creator of the leading fair lending software system adopted by industry and regulators. He has worked with more than 60 large financial services firms to implement fairness systems; and then to diagnose fairness, Home Mortgage Disclosure Act (HMDA), and Community Reinvestment Act (CRA) issues.
Collins’ teaching portfolio includes risk management and capital training for The Graduate School of Banking at LSU, Lending Compliance & Risk Management for The Southeastern School of Banking, and myriad other specialized CRCM/CLE sessions or panels for various industry associations. He was also an Ayres Fellow to The American Bankers Association.
His research portfolio highlights the applied nature of his work. Collins has published articles on bank compensation & capital, fair lending, credit risk, and costs of regulatory oversight in top academic journals including Financial Management, Journal of Financial Services Research, Journal of Financial Research, and more recently on mortgage broker behaviors in The Journal of Housing Research.
Collins has worked with most of the top financial services law firms in the U.S. and with leading financial services clients of those firms. Having worked almost entirely through legal counsel, he has had the privilege of leading teams of degreed experts in housing, consumer, and automotive lending matters.
He has participated in grant work and research with experts at The U.S. Department of the Treasury’s Office of the Comptroller of the Currency and at The U.S. Department of Housing & Urban Development.
Collins holds a doctorate in financial economics, with areas in econometrics and statistics from The University of Georgia. He also holds an MBA in finance from Virginia Tech and a bachelor’s degree in finance from Concord College. He is the recipient of several teaching awards to complement his academic research.