Posts Tagged ‘dodd frank’

May 2, 2013 By Bob Coleman Editor, Coleman Report Fraud Friday – 30 Months for Colorado Community Banker “Those responsible for bank failures were also ultimately responsible for the weakening of our economy,” said U.S. Attorney John Walsh. “Thanks to the hard work of the Assistant U.S. Attorneys, the FBI, IRS-Criminal Investigation, and the FDIC,…

May 2, 2013 By Bob Coleman Editor, Coleman Report We spoke with Mark Vitner, Senior Economist, Managing Director at Wells Fargo about commercial and residential construction coming back, a significant finding from the 2013 Wells Fargo Small Business Quarterly Index. Watch the interview here. Bob Coleman: Wells Fargo issued their small business index yesterday. It looks like small…

May 2, 2013 By Bob Coleman Editor A little off topic this morning, but if you aren’t aware of the higher education disruptor, here goes. Coursera has partnered with over 100 universities (e.g. Cal Tech, Stanford, Columbia, University of Edinburgh) to provide college level classes free to students around the world. This week begins the…

May 1, 2013 Best Practices: Lender Liability Under the Federal False Claims Act By: Norman E. Greenspan, Esquire, Starfield & Smith P.C. Recently, the U.S. Small Business Administration’s Office of Inspector General (“OIG”) reported to Congress that there has been a significant increase in the number of qui tam False Claims Act (31 U.S.C. §3729,…

May 1, 2013 By Bob Coleman Editor Says a new Wells Fargo small business survey. Posting similar results as the recently released US Bank survey, most entrepreneurs are wary of the economy, but are comfortable with their performance. While the Index is down from a year ago (April 2012), it’s the third highest reading since…

April 30, 2013 By Bob Coleman, Editor CREED, (Commercial Real Estate and Economic Development Act) will allow Main Street entrepreneurs to refinance their balloon payments in the next five years. Emily Maltby of the Wall Street Journal writes today that $276 billion in CRE loans will balloon in 2013, higher than any prior year. She…

April 30, 2013 Says the American boss of Britain’s first new bank in 100 years. Vernon Hill wants the U.K. to import an SBA styled loan program. “The only other Government programme in America that works, other than air traffic control, is the Small Business Administration. It’s a massive government guarantee system for small business…

April 26, 2013 By Bob Coleman Editor, Coleman Report Is Cheap Credit for Small Business the Answer? Our friends across the pond seem to think so reports the BBC. For every extra pound that banks lend to small companies, they will be able to borrow £5 very cheaply from the Bank of England, and £10…

April 26, 2013 By Bob Judge Editor, CPR Report In March, prepays fell back below 6% for the first time this year, after being above 7% for the first two months of the year. This decrease was caused by double-digit decreases in both defaults and voluntary prepayments. As for the detail, overall prepayments fell 25.02%…

April 25, 2013 By Karen McHugh SBA Complete A common area of confusion is in the arena of financing business acquisitions. The SBA rules surrounding a change of ownership transaction have evolved over time because this area of financing can be fraught with “missteps” by multiple parties (the lender, the purchaser/borrower, the seller, and the…