Financial Services and Banking Update for June 2017 Housing finance reform took center stage the month of June. An area that both Republicans and Democrats view as needing reform, experts debated the need to move Fannie Mae and Freddie Mac out from under the Federal Government’s conservatorship. Despite an agreement to the need for reform, […]
A new report released by the Treasury Department further proves what many of us already know: CDFIs provide financial services to the most underserved communities across this country. According to an article published in the American Banker about the report, clear evidence exists for continuation of the Bank Enterprise Award Program (BEA Program) which provides monetary […]
Small business lending continues as a favorite topic with policymakers in Washington, DC. As the Trump Administration adds staff and nominates individuals for key policy positions, some key posts were vacated this month. Discussion on the future of the Consumer Financial Protection Bureau persist while the Bureau pushes forward with their efforts to obtain data […]
Our recent op-ed, Killing CDFIs would make a bad situation worse for businesses, was featured in an open letter from Representative Velazquez and Senator Shaheen to Steven Mnuchin, Secretary, Department of the Treasury, and Mick Mulvaney, Director, Office of Management of Budget. The letter detailed the concerns of the congresswomen and their constituents, specifically the concern […]
Welcome, Emily Beebe! Emily heads up the office and talent departments at Mirador. Culture, recruitment and ensuring all the behind the scenes wheels run smoothly are her purview. A CUNY Hunter College alum, Emily brings with her a wealth of experience in the human resources field with a strong emphasis on hiring and operations. After […]
Monday, May 22, CEO and Co-Founder, Trevor Dryer will be presenting a best practices session at Barlow’s Annual Business Banking Conference exploring Leveraging Technology to Increase Customer Engagement and Profitability. Small businesses are the key to this country’s future economic growth. Mirador is the leading front-end small business lending platform and a trusted solution supporting banks […]
Despite interest from the Trump White House in ending Treasury funding for CDFIs, the Congress passed a 2017 funding measure that not only continues funding CDFIs, but also boosted the available funds for the federal revolving loan fund used by these entities. The bill passed by Congress was sent to the President and signed into […]
This article originally appeared in American Banker on April 21, 2017. Link. BankThink: Killing CDFIs would make a bad situation worse for small business By Trevor Dryer Small-business growth and job creation positively impacts the U.S. economy, but a gap exists in small businesses’ access to cost-effective credit, hurting their ability to subsist, much less […]
Of all the questions looming after Election Day, for the financial services industry the biggest question of all is: What happens to the Consumer Financial Protection Bureau (CFPB)? During the campaign, President Donald Trump touted his plans to dismantle Dodd-Frank, but never specifically addressed the CFPB. Facing a recent court decision questioning the Constitutionality of […]
Mirador is proud to partner with CDC Small Business Finance Corp and NYBDC’s Excelsior Growth Fund. NerdWallet recently listed them among two of of the 13 top sources of nonprofit financing according to the U.S. Small Business Administration and the Aspen Institute. Three of the leaders in nonprofit financing are streamlining the lending process through Mirador’s […]
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