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Must Read For People Who Have Bank Accounts

Wendell Brock, MBA, ChFC — Thu, 21 Apr 2016 15:20:28 GMT

Last week I posted this article on my other blog Outside Economics and many people enjoyed reading the article. I thought I would repost it here so you would have the latest on what is going on in Europe and what could happen here in the U.S.. If you like the article please subscribe to Outside Econoimics for future great articles and make a comment below. Thank you.

The great recession has left its mark on many of us in so many ways it is hard to understand them all - perhaps similar for generations before with the Great Depression. One major mark is in banking. The Great Depression produced the FDIC which insured customer deposits and help provide a level of financial security to the banking system. Now Europe and the European Union has lead the way with a “bail-in” concept where depositor bank accounts are used to shore up the troubled bank, thus taking the tax payers off the hook for failed banks.

Banking Regulation for Marijuana Business Entrepreneurs

Bobbe Sigler — Fri, 12 Sep 2014 18:07:00 GMT

For marijuana growers and retailers in the states that have legalized the drug for recreational or medical use, money and banking are perhaps the most vexing challenges of doing business. Piles of cash accumulate in back rooms and safes, making the businesses, their employees and their customers a target for robberies. Businesses often have no access to business loans or regular lines of credit. Many say they struggle to even keep a checking account open to pay their employees or electricity bills.

The Greatest Country on Earth - America

Wendell Brock, MBA, ChFC — Fri, 04 Jul 2014 23:43:00 GMT

Today is the 4^th of July the day we celebrate as the day our great country was founded in 1776, when we declared our independence from England. I thought I would write a few of my feelings about our country. I was raised the youngest of seven children in Los Angeles, California. My parents met during World War II in Utah. My father was a photographer in the Signal Corps and in charge of the photographic departments on several bases west of the Rockies. My mother worked in one of those departments in Ogden.

Looking For A New Source Of Capital - Consider The CDFI Fund

Bobbe Sigler — Fri, 20 Jun 2014 14:49:00 GMT

Through monetary awards and the allocation of tax credits, the Community Development Financial Institutions Fund (“CDFI”) helps promote access to capital and local economic growth in urban and rural low-income communities across the nation.

“GEN Y” Consumers - What Banking Services Do They Want

Bobbe Sigler — Fri, 16 May 2014 13:25:00 GMT

Generation Y consumers primarily look for mobile services and rewards programs when shopping for a new bank, according to a December 2013 study, conducted by Harris Poll among more than 1,000 U.S. adults.

The Importance of Independent Consultants

Bobbe Sigler — Thu, 08 May 2014 14:30:00 GMT

Running your bank, you are thinking things are clipping along fairly well, maybe there are a few problems, but hey, who didn’t have problems during the “Great Recession”? Now your recovery is progressing nicely and you get an order or some other requirement to fulfill concerning some of the endless new regulations that are coming out of Washington, D.C., Who is going to help you solve this problem? And help you get and stay compliant? The regulators have a few thoughts on using consultants we believe will help you…

Opportunities for Minority-Owned Banks

Bobbe Sigler — Thu, 01 May 2014 14:20:00 GMT

During the October, 2007 speech made before the Subcommittee on Oversight and investigations Committee on Financial Services, U.S. House of Representatives, Sandra F Braunstein, The Federal Reserve, Director of Community and Consumer Affairs, stated “that nationally there about 200 minority-owned financial institutions that serve a broad range of communities and populations. The Federal Reserve recognizes the important role that minority-owned banks play in the financial services market through the services they provide to their communities.”

The Importance and Future of Community Banking

Bobbe Sigler — Thu, 24 Apr 2014 23:21:00 GMT

Community Banks have a critical role in keeping their local economies vibrant and growing by lending to creditworthy borrowers in their regions. They often respond with greater agility to lending requests than their national competitors because of their detailed knowledge of the needs of their customers and their close ties to the communities they serve. Such lending helps foster the economy by allowing businesses to buy new equipment, add workers or sign contracts for increased trade or services. Customer knowledge also gives community bankers a real-time understanding of customer demands and provides them with an opportunity to respond more aggressively to those demands – particularly in regard to the use of technology.

Bank On A Great Opportunity

Wendell Brock — Wed, 13 Oct 2010 14:17:00 GMT

The FDIC Can Now Resolve Any Size Bank Failure

Wendell Brock — Mon, 27 Sep 2010 19:37:00 GMT

The latest words from FDIC Chairman Bair on the implementation of the Dodd-Frank Act…