Coleman Report

April 19, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Small Business Lenders Next on CFPB’s List The CFPB says it will target small business lenders in 2017 to ensure fair lending. I assumed, along with most in the industry, that the CFPB would announce its rules about small business lending data collection…

April 18, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — HSBC Settles SBAExpress Guaranty Purchase False Claims Act Lawsuit for $2.1 Million Back in 2006 HSBC commissioned an internal review to identify default rates of its small business lending portfolio. HSBC uncovered a number of SBAExpress loans where borrowers had submitted…

April 17, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Community Banks, Credit Unions, CDFIs Shine in Small Biz Loan Customer Satisfaction And online lenders ranked lowest in customer satisfaction in the just released Federal Reserve Bank Small Business Credit Survey. Online lenders are defined as nonbank alternative and marketplace lenders,…

April 14, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Banker who Wanted to become a Sports Agent and a Movie Producer, Guilty of Bribery Rodney Dunn, 40, was a vice president and a bank loan officer for Maryland-based Harbor Bank In 2009, Dunn met Darryl Clements, who he thought was a loan…

April 13, 2017 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman Movers & Shakers — Fred and Terry Crispen Join United Midwest Savings Bank “We believe there is tremendous opportunity in this segment, and Fred and Terry give us great confidence in our ability to serve this niche,” says Craig Street, United Midwest’s EVP…

April 25, 2017 Using Technology and Analytics to Optimize Every Step of Small Business Lending An Interview with Nancy Michael Senior Director, Product Strategy Moody’s Analytics Where do you see the biggest opportunities to improve the small business lending process? We see opportunities for improvement across every stage of the process, starting even before a…

April 10, 2017 SBA Hot Topic Tuesday — Top 11 Reasons for LGPC Credit Memo Screen-Outs By Bob Coleman Editor, SBA Hot Topic Tuesday The number one reason for LGPC screen-outs is an incomplete credit memo, as we learned from last week’s Office of Capital access quarterly call. Here are the top 11 factors leading…

April 7, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Alabama Community Banker Gets Two Years in Jail for Loan Fraud John Vann is sentenced to 24 months in federal prison, followed by 60 months of probation after pleading guilty to one count of bank fraud. He was also ordered to pay $120,774…

April 6, 2017 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman Movers & Shakers — Scott Ellison to Lead Horizon Bank SBA Lending Team Scott Ellison to Lead Horizon Bank SBA Lending Team Michigan City, Indiana-based Horizon Bank is adding an SBA lending team to its Grand Rapids branch, which opened last month. The…

April 5, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Main Street Optimism Highest since 2012 Says Capital One Check out the stats: Fifty-percent of all small business owners report their financial position is about the same as a year ago and 50 percent also expect to be in a better position six…