Rebirth 79: I opened a bank in the United States

The core reason why traditional banks and financial service institutions are unwilling to provide small unsecured loans is to worry about the risk of bad debts.

And this, for Carter, does not have too many problems.

In itself, Carter is a member of Yale, and he belongs to the kind that can find people 100% in door-to-door collection.As long as you don't want to die socially in school, who the hell dare to blame someone for my card? !

Make you famous in Yale every minute, okay? !
As the so-called elite reservists in American society, they definitely care far more about reputation than ordinary people.What about looking for school cooperation, card restrictions and so on, in fact, it is not necessary at all.
Or pay back!Either be famous!
It's just two options to put in front of others, a few hundred dollars, there's no need to blacken your reputation for this, right?

"How big do you think the demand for loans is?"

After confirming the risks, Goodman also felt a little moved.It's just that before he makes a move, he has to figure it out, is it worthwhile to do so?
"If it was only Yale University, it would not be very big. Even if one tenth of the people need loans, there are only more than [-] customers. On average, each person borrows [-] US dollars per year, and it only needs about [-]. The funds. The income is better, about [-]."

"This is a step-by-step approach. This is what I think. This commercial bank itself must be mainly engaged in commercial loans. In the future, I will help match those real estate developers and use the main funds to do this. As for small loans, I will It is planned to set up a microfinance company independently, and the commercial bank will only provide financial support for it, and the commercial bank itself will not participate in the microfinance business.”

"There are two advantages in this way: first, it avoids risks. If something goes wrong in the future, it will be the problem of the small loan company. The bank itself only provides funds, and does not participate in loan issuance, collection and customer qualification. Approval, etc., in case of any problems, you can abandon the car to protect the handsome. Second, because our small loan company is backed by a compliant commercial bank for endorsement, first of all, in terms of capital, we can beat many mom-and-pop shops Small loan companies, or pawnshops. There is another advantage that I think will be very attractive, that is, we can establish personal credit files for customers!"

"The core of the embarrassing situation they face is the lack of credit records. It is impossible for ordinary small loan shops to have enough manpower and material resources to fill out and record personal credit files for them. At most, the boss will tell some regular customers I have the impression that I know the credit of this person. But that kind of credit status does not have legal effect. In other words, the so-called credit report of such small households needs to be carried out in the society after they graduate and participate in work. When it comes to financing, most banks and financial service institutions don’t recognize it.”

"But we are different. We are a serious banking institution, the licensed one! The credit report we issue is compared with other microfinance peers. It is no exaggeration to say that it is the same as the other. And When they graduate, they can get a credit report with gold content, which is still very tempting! It will also help their job hunting!"

...

"You mean, the customers of small loan institutions record their credit in the name of the bank. So are they the customers of the small loan company or the bank?"

In any country with developed financial industry, credit is the most valuable thing!
Goodman has no doubt that the mere fact that a bank can issue a credit report is enough to attract enough customers to their small loan business.Just a little hesitant, it's a compliance issue
Didn't you just say that the two are separated?A bank is a bank, and a small loan company is a small loan company. Now those loans appear in the bank's records. When there is a problem, can your bank run away? !

"Ham, this is simple. The small loan company borrows money from the bank, right? Assume that the small loan company borrows money from the bank at an interest rate of 20% every year, and then uses the money to put its own money. A loan with an interest rate of 40%, earning the difference in the middle. Then there will be a question, does the bank need to approve the loan? At least, the bank needs to know what the loan is used for, right? "

"Then, in the name of loan purpose declaration, the customer's loan information is submitted to the bank, and then the bank files it here. Hehe, I suddenly look forward to the future!"

Carter licked his lips, feeling the beauty of life:

"As a bank that is likely to provide them with the first credit report in their lives, when these people leave the campus and see our name again, the kindness and basic trust I hope that in the future, more than [-]% of them will , are all our customers, you think this should not be difficult to do, right?"

"Besides, Yale University is just one. The surrounding Southern Connecticut State, etc., if our business model is successfully promoted in Yale, then there will be a lot of expansion targets around!"

"A school earns [-] yuan a year, and ten schools earn three million yuan. And the nearby colleges and universities are far more rare than ten!"

When the topic came to this point, it was difficult for Goodman to find another objection:

Lilan has a foundation, the risk is not high and the future can be expected!

If you don't do this kind of project, what else can you do? !

The next day, two Black Flag employees boarded a plane going north, took the contact information of Judge Clark provided by Carter, and went straight to Connecticut.The registration of the bank is relatively troublesome. In addition to the approval of the state, FdIc also needs to be involved.
However, generally, the issuance of bank licenses, especially commercial bank licenses, is much simpler than that of savings banks.Although Carter has no acquaintances in the financial regulatory department in Connecticut, as long as the FdIc side is dealt with, the state will generally not intervene.Naturally, on Harrison's side, Carter also called
As the saying goes, one person ascends to heaven, and Harrison, the former team leader, has also been promoted to a certain extent by virtue of the extremely low bankruptcy costs and merger and acquisition costs in Nanzuozhiya.Although it is impossible to directly intervene in the affairs of the Connecticut office, there is still some face to say hello and ventilate
As for the contact information of Judge Clark, it is purely for the convenience of various qualification approvals for microfinance companies.Opening a microfinance company in the United States is more difficult than opening a bank!
Although in Carter's plan, this company does not get involved in the pawn loan business and title n business for the time being, but since it is an application process, there is no loss in applying first.
Then, a large batch of license declaration documents piled up on the heads of the staff:

Precious metal trading license, second-hand goods trading license, automobile and second-hand car trading license, etc., one of which will not work!

And among these things, there are many things that need to be approved by the Ministry of Justice, especially the compliance review of capital exchanges between banks and small loan companies. Can this be done?What should I do?
Carter needed professional guidance.