by Brenda Greenwell | May 21, 2014 | Finance, Home Improvement
Guest post by Michael DeCarlo, Chief Compliance Officer at Medallion Bank One does not typically combine compliance with mountain biking in the rain and mud. Compliance is typically something that none but a few compliance officers think of as a “fun time”. There are...
by Brenda Greenwell | May 12, 2014 | Finance, Home Improvement
Recently, we sat down with Diana Blood, finance manager at Statewide Remodeling, to discuss a variety of industry issues. Diana speaks about her role in building a successful, profitable business. MB: Diana, thank you for meeting with us. Can you share how long you’ve...
by Brenda Greenwell | May 1, 2014 | Finance
With the CFPB pushing to change the dealer income model in the auto industry, it seemed inevitable that lenders would adjust. The question was who would get the ball rolling? The answer: BMO Harris Bank. (For previous discussions of the fight between the CFPB and...
by Brenda Greenwell | Apr 29, 2014 | Finance
Can it be said there is a best lender structure in a given marketplace? For example, is there an inherent advantage or superiority to the loans originated for sale model versus loans originated for portfolio? As a contractor, should you care which model your lender...
by Brenda Greenwell | Mar 27, 2014 | Finance
Schadenfreude – noun, often capitalized: a feeling of enjoyment that comes from seeing or hearing about the troubles of other people. Auto dealers everywhere, and possibly the banking industry in general, had to choke down some strong feelings of schadenfreude a...
by Brenda Greenwell | Feb 27, 2014 | Finance
(For background on the auto dealer participation battle with regulators, see our previous posts on the topic.) As the brouhaha on auto dealer participation reached its peak in late 2013, the CFPB claimed a victory with a $98 million settlement of discrimination claims...
