by Brenda Greenwell | Mar 27, 2014 | Finance
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...
by Brenda Greenwell | Mar 7, 2014 | Home Improvement
[vc_row][vc_column][vc_column_text] 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...
by Brenda Greenwell | Feb 27, 2014 | Finance
(For background on the auto dealer participation battle with regulators, see our previous posts on the topic.) As the brouhaha on auto dealer participation reached its peak in late 2013, the CFPB claimed a victory with a $98 million settlement of discrimination claims...
by Brenda Greenwell | Jan 27, 2014 | Home Improvement
In the last few years, the percentage of contractors relying on promotional finance options seems to have increased significantly. We haven’t done a study, but we recall the good ol’ days when promotional options were exactly that: promotional (and infrequent). ...
by Brenda Greenwell | Jan 17, 2014 | General Topics, Home Improvement
One of my favorite elements of the Medallion Bank work culture is the concept of “constructive tension”. Constructive tension is about designing the organizational structure in order to regularly have employees pulling against each other. At first blush, this sounds...
