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Community Banks must strategize to survive

February 14, 2013 By 2 Comments
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The Virginia Commerce Bank is another community bank throwing in the towel due to the new regulatory and business environment. The community bank consolidation is the industry's solution instead of exploring collaboration to stay in business. 1000 community banks hold 2% of deposits, but originate 40% of all small business loans....The following article was written specific for the DC market, but the current market environment makes this article relevant to the entire nation. DC Community Banks by Donny Wise DC Community Banks cover a large coveted footprint of DC proper, Northern Virginia, and Maryland as an aggregate unit, but individually are fragmented in market presence and penetration. The individual community bank is a weakness in the current economic environment, and this weakness is a vice on the bank's ability to be competitive, hamper revenue and market growth, and vulnerable to any minor flux in the market or portfolio. DC Community Banks are missing a market … [Read more...]

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09/11: United Day One to Divided Today

September 11, 2012 By Leave a Comment
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The act of cowards could not use intellect or strength to bring their political message in the open in a constructive manner. Those cowards flew planes into buildings,and political correctness for these empty souls that ran planes into buildings that has impacted our psyche. Political correctness loses its place amongst criminals like Hitler and the 09/11 Hijackers who could not possibly win a military battle but picked on helpless civilians in acts of terror only possible in the brutality because of modern technology. United was our nation in our cause and resolve until divisions on the invasion of Iraq because of their non-involvement in 09/11. In the eleven years since, the country is divided. Another President has intervene in more countries of the Middle East and they were not the cause of the fall of our buildings and people on that fateful day, but the outcry was only over Iraq. That statement is not political because ideology is the main culprit for our divided nature. The … [Read more...]

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You Tube Broadcast: What you can do to make change happen in banking…

September 10, 2012 By Leave a Comment

The last home broadcast will be this evening as our broadcast will go mobile on Wednesday. Stayed tuned for the Finance Dynamic You Tube Broadcast with Donny Wise. These first few broadcasts are to assist me to bring you an engaging broadcasts in the future with live guests and events in the near future in different cities and locations. Tonight's broadcast is the fireside chat on becoming empowered to take simple actions to make changes in the banking system. Join me in my casual wear. We are having a conversation and we are friends. Broadcast will be recorded by 9am. … [Read more...]

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Funny: The Personal Finance of My Yesterday

September 10, 2012 By Leave a Comment

Coin was a nuisance to someone like me with ADD, and I believed that my salary was enough to cover the spare change lost throughout my travels in Washington, DC. The year was 2009, and I let a friend move into my house who had befallen on hard times. We worked out an agreement for him to earn his keep during his stay, but one condition of his to teach me a personal finance lesson was keeping all the spare change in my pockets and scattered in the house. Anything was game outside my wallet. Two days later, he was a very happy person as he came back from the grocery store with food and adult beverages. He went shopping for clothes, and I did inquire about his recent luck on money. I was informed that cleaning behind me was like a goldmine. Money would fall off of me and he would give me a limited time to claim the small bills and change. When he collected over $50 dollars from me in two days. I knew that I had my own personal financial crisis on my hand. I have made many changes, but … [Read more...]

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America’s past challenges: Fortune Favors the Bold

September 9, 2012 By Leave a Comment

  The following column was written in 2011 before the July 4th holiday. The words of politicians, the despair of economic crisis, the compromise of of values for peace and safety. Our crisis is a different era and time, but the promises of words of history's past caused a second world war and the edge of a dark new era. ********************* As Independence Day is near, America’s is celebrating 235th year of independence as the first representative government to be formed in human history. In the midst of tyranny and human imperfections, a diverse group of individuals did set aside their differences and ideology for the pursuit of freedom. The Puritans came to this new world for the pursuit of religious freedom, and that spirit transcended in the formation of this new world. A group of individuals did not hold to ideology or individual differences as obstacles to meet a common goal of seeking the opportunity of freedom in seeking independence and formation of a … [Read more...]

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Consumer recourse on debt collectors bad behavior

September 2, 2012 By 1 Comment
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  Debt Collectors are supposed to be aggressive and persuasive in attempting to collect money on a debt owed. When the debt collector makes threats of legal action and authority only granted to the law enforcement and judicial system, this is an act of impersonating a law enforcement official and it is against the law. In addition, a debt collector making threats on debts that are the responsibility of another owner is further acts of illegality under the law. A consumer should not be scared into paying any monies because a threat of arrest or legal ramifications because it cannot happen unless actions have been taking through the court system where the sheriff and a court date is involved. A friend in California did discuss his recent incident with a debt collector's bad behavior. The reality is what can the consumer do to avoid a potentially embarrassing situation. This is not legal advice, but actions can be taken to handle on of these disturbing calls. First, a third … [Read more...]

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The Personal Finance Revolution: All Americans are in this situation together

August 28, 2012 By 2 Comments
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The financial literacy crisis is a negative impact in American society, and impacts all socio-economic groups from the wealthiest to the poorest in society. Personal finance has a high impact in an American's life from the day of birth until the end of life on this Earth. The current personal finance integration in society is basically tribal knowledge being passed down from one generation to the next. The attitude on personal finance in our society is a major catalyst to many problems faced in our nation. No matter conservative or liberal, the following statements are true about the impact of the financial literacy crisis in American society. The following issues are a direct result of financially illiteracy and the negative impact in society. ...Consumer Weakness and Demand is weak in the economy: The widespread financial health of a community  impacts the economic health of the nation. The financial health of the consumer is unhealthy and the impact is consumer weakness and … [Read more...]

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Debt Collectors pose as law enforcement (Update 4)

August 28, 2012 By 2 Comments

http://youtu.be/V2-nDVId8M0 The Mississippi Attorney's General office is working with me to convict these individuals. Due to the nature of the investigating, I will not be able to report on the outcome until after the investigation is complete. Recourse is working. … [Read more...]

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Update on Debt Collectors posing as Law Enforcement

August 27, 2012 By 3 Comments

http://youtu.be/Bp0MPpzCxpk Update from the events following a debt collector contacting a consumer acting as law enforcement. … [Read more...]

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The losing battle of credit unions and consumer protection as election looms

August 27, 2012 By 2 Comments
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Washington, DC- The Credit Union National Association (CUNA) it the association in the forefront of the Membership Business Lending legislation in Congress. The 2012 Election season is fast approaching a finality. The credit unions and CUNA are squandering an opportunity to shape the dialogue in this campaign to pressure a deadlock Congress to pass legislation to raise the caps of business loans in relation to total assets up to 27.9%. This increase would be a influx of competition, and serve a market being under served by the commercial banking industry. What are the issues behind the complacency?   The Consumer Financial Protection Bureau has shed the mantle of being the unique bureaucratic structure in Washington. A mountain of papers are sitting on the desk for review to change customer disclosures. A former banker of 13 years do not allow the clarity to full grasp all the proposed changes. In addition, the bureau made a decision that home mortgages going through the … [Read more...]

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