Contributors
Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – LMFC
President & CEO – The Bank of Holland
SVP of Shared Services - LMFC

Hear from the founder of Lake Michigan Financial Corporation, Rich Lievense, and his insight on what this blog encompasses.

It seems easy to be critical of our country. The media reviews our problems and deficiencies on a ongoing basis and it is easy to lose hope in future. We seem to forget the wonderful advances born in this country and the leadership and commitment to freedom that characterizes us around the world. How to we change our mindset and start to evaluate how we will emerge from our current difficulties? How do we build on our intrinsic strengths and re-establish our place in the world?

We continue to be optimistic about the ability of the American people to be great. Our culture of innovation, our commitment to education, a willingness to work hard and take risks, and our receptiveness to immigration have been hallmarks of our road to prosperity. We do wonder, however, about our broken and gridlocked political system. Is this system ready to address our twenty-first century challenges? Will we re-establish to commitment to the 'common good'?
 

Read more, article: How America Can Rise Again in The Atlantic.

 

 

 

In recent months, we have all see an avalanche of new and increased fees coming from the banking and financial service industry. Anyone who has a charge card, brokerage account, or an account at another bank knows what we are talking about. Many Banks are scrambling to increase profitability by charging what we call 'nuisance fees'. This has caught the attention of lawmakers in Washington and there is a move to significantly reduce banking fees. While this will be good for the consumer in the short run, a predictable result of this action will be a reduction in branch systems and account availability over time.

We have been careful not to base our banking model on nuisance fees. We do not believe they are fair and they tend to especially impact lower income people.   Through legislative action, the industry will be forced to reduce these fees and, as a result, banking services will become less available in our society.
 

Read more, article: Consumer Fees: The Hits Keep Coming from American Banker.

 

 

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