by Ken Chase | Feb 14, 2023 | Banks, News
New York City officials this week announced new measures designed to ensure that the city’s banking institutions remain committed to fighting banking discrimination in hiring and lending. The two transparency measures will apply to any banks that seek to hold city...
by Ken Chase | Feb 11, 2023 | Banks, News
Banking giant Wells Fargo has reportedly agreed to a $300 million settlement in a class action lawsuit related to the company’s alleged involvement in a collision protection insurance fraud scheme. The settlement was announced by Robbins Geller Rudman & Dowd LLP,...
by Brian Pillmore | Feb 10, 2023 | Brian's Blog
This is the most well-predicted recession, not just in a long time, but possibly ever. Lenders aren’t making the same mistakes as they did prior to the great recession. Loans are well collateralized.Appraisals are conservative.Underwriting is staying “in the...
by Brian Pillmore | Feb 9, 2023 | Brian's Blog
Every successful venture starts with 2 things:A small niche.A big vision.Jeff Bezos is the KING of this.At no point was Bezos’ vision to sell lots of books.It was always to disrupt Old World businesses with New World methods.Making the internet the new default for...
by Brian Pillmore | Feb 8, 2023 | Brian's Blog
Here’s what I mean: If you’re going to compete in the banking world, you’ll never succeed trying to be the next Citi Bank.The big players will CRUSH you. What you can do is find a small part of their business and crush THEM on that 1 thing. For example: Citi...
