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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The experience of the mall CMBS [commercial mortgage-backed security] from Starwood is certainly symptomatic of the larger narrative,” said Christopher Sullivan, chief investment officer of United Nations Federal Credit Union, as reported in Yahoo! But apparently they’re doing something right in Philadelphia.

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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.

Detroit 28
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A Deep Dive into the Distribution of the FICO Score Across the US

FICO

So, while the average FICO® Score is increasing over time at the national level, what about at the state or city level? While 31 states (and the District of Columbia) have an average score higher than the national average of 706, we generally see that the Midwest and New England states have the highest average FICO® Scores.

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Welcome to New Orleans

Independent Banker

New inspirations, fresh experiences await at ICBA’s national convention. ICBA’s national convention offers an educational lineup this year of more than 60 workshops and networking sessions. State/Regional Partners Reception*. State/Regional Affiliate Associations & Exhibitor Receptions*. Monday, March 7.

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The Slow, Controversial Global March Of Face ID Tech

PYMNTS

Proponents in the government and private sectors note that the wide use of facial recognition technology — particularly when paired with India’s national biometric ID system — is critical to both the Indian economy’s entry into the modern digital era of financial services and commerce and protecting citizen and national security.

Detroit 116
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Security: Higher internet usage and data generation lead to increased investment. After privacy advocates raised concerns about user data security, the companies announced changes, including using Bluetooth signals instead of geolocation data. Conversational AI/chatbots. Cloud call centers. Contactless payments. Branchless banking.

Industry 101