Not us, say Big Banks, in response to comments by Senator Elizabeth Warren (D-MA) who reportedly called out “giant banks that make billions of dollars in profits and squeeze every last penny out of customers who are struggling”.-American Banker 7/19/21.…
The Bank Branch is Alive and Well, Thank You
Like everything else, banking is changing and evolving to meet the changing needs and demands of the times. There is no doubt about that. But anyone predicting the demise of the bank branch is premature, at best …at least in…
Mortgage Performance Declines
A recent report by the Office of the Comptroller of the Currency (OCC) grabbed our attention with this headline. Then we realized, it was comparing mortgage performance to a year ago (Q1’20 i.e. pre-pandemic). While we did see a spike…
Independence Day, Minority Banks
As a nation of immigrants, we thought we would take the opportunity that Independence Day offers us to champion our nation’s Minority Depository Institutions (MDIs). (A Minority Depository Institution, or MDI, is a bank or credit union that is at…