TRENDING: Detroit Lions Put Mobile-Ordering Into Play

PYMNTS

Detroit Lions Add Mobile Order-Ahead to the Playbook. To tackle the issue, the Detroit Lions are exploring whether mobile order-ahead for pickup can remove that pain for fans seated in its Gridiron Club section, as well as drive traffic to the four new restaurants available at the club.

Tesla To Have Robotaxi Fleet By 2020; Waymo To Build Self-Driving Cars In Detroit

PYMNTS

In other self-driving news, Reuters is reporting that Waymo, a company under the umbrella of Alphabet, which owns Google, has picked a Detroit factory to make self-driving cars. Tesla CEO Elon Musk said he will launch the company’s robotaxi program by 2020, according to reports. “I

Keweenaw expands closer to Detroit with deal for North Star

BankThink

The company will pay $42 million in cash for the parent of Main Street Bank in southeastern Michigan. Community banking M&A Growth strategies Michigan

Flagstar teams up with Detroit fintech incubator

BankThink

The Michigan company has committed $50,000 to the partnership over the next two years amid a big push to modernize its product and service offerings. Fintech Community banking Consumer banking Flagstar Bancorp Michigan

Perficient Detroit Hosts April Atlassian User Group

Perficient Financial Servies

For those in the Detroit area, the Perficient office in Livonia is hosting the SouthEast Michigan Atlassian User Group (AUG) on April 24th. The AUG commonly meets in the Livonia/Detroit Perficient office for the Tuesday evening event, followed by an encore presentation at lunch the following day in Ann Arbor at the Ithaka office. The SouthEast Michigan AUG meets the last Tuesday of every other month for the 2018 year.

Detroit Red Wings IT exec: Mobile enhances the customer experience

Mobile Payments Today

If there is one reason retailers must move forward with a mobile app strategy it’s this: consumers not paying in cash spend an average of 13 percent more when it’s a mobile payment experience

SUVs Out, Sedans In At Detroit Auto Show

PYMNTS

But you wouldn’t know it by looking at the lineup of this year’s North American International Auto Show in Detroit. High-riding, gas-guzzling, wide-bodied SUVs were more popular among U.S. and international drivers than ever in 2016. Half of the 20 new models unveiled this year were sedans, station wagons and coupes. Which seems odd, since SUVs, trucks and crossover models by far outsold traditional car models in 2016.

Michigan’s Chemical Bank to shift headquarters to Detroit

BankThink

The bank, which would be only the second to call the Motor City home, would hire 500 people there while maintaining most of its workforce in Midland. Community banking Deposits Recruiting Michigan

Fifth Third to add branches in Orlando, Chicago, Detroit markets

BankThink

The Cincinnati bank is following a wider industry strategy of opening new branches in faster-growth, urban markets. Growth strategies Consumer banking Branch management Fifth Third Bancorp

Tiny Detroit-based CU Liquidated

Keith Leggett's Credit Union Watch

The Michigan Office of Financial and Insurance Regulation (OFIR) today liquidated Amez United Credit Union of Detroit, Mich., Originally chartered in 1961, Amez United Credit Union served registered members of the churches in the Detroit district of the Michigan Conference of the African Methodist Episcopal Zion Church. and appointed the National Credit Union Administration (NCUA) as liquidating agent.

NEW REPORT: Post-Hurricane, CUs Provide Some Calm After The Storm

PYMNTS

The campaign will also offer financial literacy programs, produced in partnership with WFCU’s NFL partner, the Detroit Lions.

Michigan First CU Sues Detroit Pistons over Breach of Sponsorship Agreement

Keith Leggett's Credit Union Watch

Crain's Detroit Business is reporting that Michigan First Credit Union (Lathrup Village, MI) sued Palace Sports & Entertainment and the Detroit Pistons. The complaint alleged that the Piston breached a 2016 sponsorship agreement, when it signed an exclusive agreement deal with Flagstar Bancorp over its move from the Palace of Auburn Hills to Little Caesars Arena in Detroit.

Parking, Platforms And Pigskin — Today In PYMNTS Data

PYMNTS

15 Percent of the Detroit Lions Gridiron Club members who’ve tested their new order-ahead app so far. Today In Data Detroit Lions Dunkin’ Donuts mobile apps News parking meters payments data QSRs Today in Data traffic

Amazon Takes Territory In US And Beyond

PYMNTS

Oakland, San Jose, San Francisco, Detroit, Austin, Boston and Chicago. Detroit. Amazon is opening a 1 million-square-foot warehouse in metro Detroit and plans to hire 1,000 employees to fill it. Amazon Amazon Concord Amazon Detroit Amazon Headquarters Amazon Jobs Amazon Mexico City Amazon offices Amazon San Diego Amazon warehouses ecommerce eCommerce giant international News Retail Whole Foods

No one-trick pony: How Ally got to $100b in deposits

Bank Innovation

But Detroit-based Ally, which has no branches, was the one of the earliest digital-only banking players, rolling out a product suite a decade ago when it rebranded from General Motors Acceptance Corporation. With the rise of digital-only challenger banks, it’s easy to overlook Ally Bank.

If Detroit Survived Fuel-Economy Rules, Lenders Can Survive New Disclosures

BankThink

Mortgage lenders are stressed about how the CFPB''s new mortgage disclosure rule will impact their business. But the new forms may give them a chance to improve business performance. law-regulation

Millennials Represent Nearly 3 of 5 New 1Q Account Openings at Ally

Bank Innovation

The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.

Banks bullish on motor city

ABA Community Banking

Institutions see opportunity in Detroit, reversing trend of shrinking branch footprint Management M&A. 1Management

Detroit Deal: 1.50% On 18-Month CDs

Bankrate

TCF Bank is offering that deal to any Michigan resident who comes into one of its 50 Detroit area branches. Bankaholic has all of the best CD rates. CD Rates 18-month cd best cd rates certificates of deposit tcf bank

Amazon Go, One Year Old, Has Attracted a Host of Cashierless Imitators

Bank Innovation

The Seattle startup went so far as to open a Detroit office to cozy up to the auto industry. Mighty AI spent much of its first five years building software that helps self-driving cars recognize real-world objects.

Autobooks Raises $5.5M Series A to Help Financial Institutions Serve Small Businesses

Let's Talk Payments

Detroit MI: Autobooks, a financial technology company that builds cash management tools to help small business owners, announced the closing of a $5.5

Many Customers Are Carrying the Wrong Credit Card, J.D. Power Study Finds

Let's Talk Payments

Discover Ranks highest in credit card customer satisfaction for third consecutive year DETROIT: 18 August 2016 — At least one in five credit card customers are carrying the wrong card, Cards Commerce Credit Unions News Payments Asia Europe insights US

Chemical, TCF to merge, creating $45 billion-asset bank

BankThink

The combined company will be based in Detroit, Chemical's hometown, and operate under the TCF brand. Chemical is paying roughly $3.6 billion for the $23.5 billion-asset TCF. M&A Commercial banking Commercial lending Deposits Wealth management Community banking Minnesota Michigan

Higher yields on car loans drive revenue growth at Ally Financial

BankThink

The Detroit company is capitalizing on other banks' retreat from the auto sector. Auto lending Consumer lending Deposits Earnings Ally Financial Ally Bank

Why millennials, minorities face tougher times with debt

CU Insight

Personal Finance african american Debt Detroit Free Press Hispanic Millennials millinnials MinoritiesGabriela Santiago-Romero, 24, knows too well how easy it is for younger consumers to be late with making payments on credit card bills.

Ally to exit RV, airplane and transportation equipment lending

BankThink

The Detroit bank wants to focus on its core business instead, but other institutions have seen rapid growth in loans for recreational vehicles and other large pieces of transportation equipment. Commercial lending Auto lending Auto industry Ally Financial Ally Bank

Hating the rich may be costing you money

CU Insight

Personal Finance Cameron Huddleston GoBankingRates The Detroit NewsPop quiz: Which of the following statements is true? Rich people are greedy. Money corrupts people. People get rich by taking advantage of others. Good people should not care about money. All of the above.

Ally’s Q2 results helped by auto loans, hurt by deposit trends

BankThink

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending. Auto lending Deposits Digital banking Wealth management Ally Financial Ally Bank

Spending can be a pain (seriously)

CU Insight

Personal Finance brain Detroit News George Loewenstein Jennifer Calonia Saving MoneyWhile it seems like a utopian concept, the argument that some consumers could be addicted to saving money might not be as inconceivable as it sounds.

Study 19

Amazon Now Offers Whole Foods Two-Hour Delivery In 30 Cities

PYMNTS

The company then quickly extended the service to almost 30 cities, including Los Angeles, Houston and Detroit. Amazon has expanded its two-hour delivery service for Whole Foods customers to almost 30 cities in an attempt to take on Walmart.

Ally Financial commits to new digs in downtown Charlotte

BankThink

The online bank will consolidate all of its Charlotte-area employees into a new office tower, but its headquarters will remain in Detroit. CRE Online banking Consumer banking Ally Financial

Ally’s how-to guide on keeping millennial employees

BankThink

The Detroit lender developed rotational training programs in auto finance, accounting and technology to help attract and keep promising employees, especially millennials, who had a tendency to bolt. Best Banks to Work For Community banking Training Employee retention

Ally Swings to 2Q Profit on Tax Gain

American Banker

Ally Financial in Detroit swung to a profit in the second quarter as a tax benefit outweighed the costs of insurance payouts on hailstorm-damaged vehicles. breaking_news consumer-finance earnings-national-regional-banks auto mi national-regional

Ally to Provide Up to $600M to Carvana for Auto Sales

American Banker

Ally Financial in Detroit has agreed to provide up to $600 million in financial backing for Carvana’s online auto sales. breaking_news consumer-finance auto mi az national-regional

Atlanta’s Mercedes-Benz Stadium To Accept Only Cashless Payments

PYMNTS

The news comes as the Detroit Lions deployed digital and physical upgrades to kick its dining game up a notch in the midst of significant renovations to the Ford Field stadium. To help keep the prices of food and drinks low, the Mercedes-Benz Stadium in Atlanta is about to become cashless. Only credit cards, debit cards and mobile payments will be accepted at the venue beginning on March 10, Bloomberg reported.

Ally to Pay $52M to Settle Subprime RMBS Investigation

American Banker

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage backed securities in 2006 and 2007. breaking_news national-regional law-regulation auto mortgage mi consumer-finance

Ally makes gains in auto lending as other banks retreat

BankThink

The Detroit company recorded an 11% increase in car loans and leases originated during the fourth quarter, as well as a jump in yields. Ally appears to be benefiting from Wells Fargo's substantial retrenchment in auto lending. Auto lending Auto leasing Deposits Earnings Consumer lending Subprime lending Ally Financial Ally Bank

Ally Financial Defends Largest Shareholder's Pledged Shares

American Banker

Ally Financial has blasted a proxy advisory firm for its recommendation that shareholders vote against the re-election of four of the Detroit company's directors. breaking_news auto consumer-finance mi national-regional

Quicken Loans to Fight Judge's Labor Ruling

American Banker

Quicken Loans plans to appeal a recent federal labor ruling that the Detroit lender and other companies owned by Dan Gilbert violated employees' rights. breaking_news law-regulation national-regional mortgage nonbank housing consumer-finance

Ally Financial Reaches Truce with Activist Investor Lion Point

American Banker

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor. breaking_news consumer-finance dealmaking-strategy auto strategic-alternatives mi national-regional

Verizon Outfits 13 NFL Stadiums With 5G

PYMNTS

Verizon’s 5G stadiums include those of the Seattle Seahawks, Denver Broncos, Detroit Lions, New England Patriots, Miami Dolphins, Indianapolis Colts, Carolina Panthers, New York Giants and Jets, Baltimore Ravens, Houston Texans and Minnesota Vikings.

Giving The Gift Of Michigan With Curated Boxes

PYMNTS

The company carries brands such as the Detroit Spice Company and Lush Gourmet (Nuts). Michiganders may have a cottage up north, treat 50 degrees as “shorts weather” and consider Superman ice cream to be a symbol of their childhoods.

Google Moves In Where Amazon, GE Move Out

PYMNTS

In fact, we’re growing faster outside the Bay Area than within it, and this year opened new offices and data centers in locations like Detroit, Boulder, Los Angeles, Tennessee, and Alabama,” wrote Google CFO Ruth Porat, according to reports. .

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