Posts Tagged ‘dodd frank’

July 16, 2013 By Bob Coleman Editor, Coleman View Bob Coleman’s Keynote Speech at the Franchise Lending Spotlight Conference Today Live at @4:00 p.m. EDT. If you would like to view my 15 minute keynote speech live (and free!) for the Franchise Lending Spotlight Conference in Southern California, please follow the instructions at the end…

July 16, 2013 By Bob Coleman Editor, Coleman Report Today is part three of our periodic coverage of the June 14, OIG report about improper SBA payments to lenders for SBA 7(a) ARAA stimulus, 90% guaranty purchases. In April 2011, SBA paid $967,869 to High Trust Bank for its share of a loss on a…

July 16, 2013 By Bob Coleman Editor, Coleman Report Inc’s Kimberly Weisul has penned an article about the not so distant future elephant in the room – the impact of Dodd-Frank on small business lending. The problem is The Consumer Financial Protection Bureau does business differently than current bank regulators. Kimberly quotes Zion’s David Hemingway…

July 15, 2013 By Bob Coleman Editor, Coleman Report More coverage of Bank of Commonwealth Fraud Trail A borrower’s employee who falsified construction loan draw requests was sentenced to five years probation and six months home confinement. Two months ago, three community bankers were convicted of bank fraud and face severe prison sentences. They are…

July 15, 2013 By Bob Judge Editor, CPR Report In May, prepays returned to the 7% level, coming in exactly at that number last month. After a move into the 5-6% range in March and April, we have returned to the levels from the first two months of the year. As has been the case…

July 12, 2013 By Bob Coleman Editor, Coleman Report The owner of a North Carolina tire recycling plant convicted of four counts of loan fraud walked out of the courtroom a free man yesterday. Federal sentencing guidelines call for a prison term of 51 to 71 months and the prosecutors urged 30 months. “In 2010,…

July 12, 2013 By Bob Coleman Editor, Coleman Report An appellate-court panel Friday upheld a bribery conviction for the former Fort Peck superintendent for the Bureau of Indian Affairs, but reversed four other convictions involving her role in a loan fraud scheme. Florence White Eagle, the former superintendent of the Fort Peck Indian Reservation in…

July 11, 2013 By Karen McHugh SBA Complete Sometimes PLP lenders may choose to shy away from a franchised operation if they are not listed on SBA’s franchise registry (www.franchiseregistry.com), because they don’t want to jump through the hoops required to make the eligibility decision delegated to them.  However, even if the franchisor is not…

July 11, 2013 By Bob Coleman Editor, Coleman Report Today is part two of our periodic coverage of the June 14, OIG report about improper SBA payments to lenders for SBA 7(a) ARAA stimulus, 90% guaranty purchases. In December 2010, SBA paid $670,000 to The Washington Trust Company for its share of a loss on…

July 10, 2013 By Bob Coleman Editor, Coleman Report Main Street optimism is exploding through the roof. Despite what you read about the economy, small business owners are optimistic about their futures, a whopping 73%, up from 45% only nine months ago. From the SurePayroll Scorecard. “Right now we’re seeing two stories in the small…