Monthly Archives: March 2014

As the CFPB turns

Schadenfreude – noun, often capitalized: a feeling of enjoyment that comes from seeing or hearing about the troubles of other people. Auto dealers everywhere, and possibly the banking industry in general, had to choke down some strong feelings of schadenfreude a couple weeks ago.  The CFPB, after months of emphasizing its proxy methodology for determining […]

The Ideal Contractor

What is the ideal contractor? There may be conflicting ideas depending on who you ask. A homeowner may have certain ideas of what constitutes “ideal”; they might care most about price and a quick turn-around time. A contractor may value reputation and integrity when evaluating their peers (and themselves!). As a lending partner for contractors, […]

What does it mean to be professional?

With the winter Olympics just past, I’m reminded of the difference between professional and amateur.  Many of us are old enough to remember the 1970s and 1980s controversy over whether to allow professional athletes to participate in the Games.  For many, the defining (and culminating) moment of the controversy was when the United States basketball […]

Trade-offs are everywhere

Most of the time, we think of the world and our lives as a linear path.  I was born and then all this stuff happened to me in sequence until I arrived at typing this blog post.  For example, this is what my life would look like if that were reality: But that’s a really […]

Free Soda: Is Easiest Always Best?

Guest Post by Tim Thiel, Account Executive–North Region. Recently, I had the pleasure of presenting Medallion Bank’s no cost/no fee Home Improvement Lending program to a group of contractors through one of our manufacturer relationships. Before I got started, I offered a cold soda to the audience members. In the conference room were two simple […]

The Importance of the Team

Are you proud of the people with whom you work? It’s generally accepted that you should surround yourself with good people to help your company grow. However, it’s also generally accepted that that is easier said than done. Finding the right people is hard work and takes time. It also takes a conscious effort to […]