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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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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.

Detroit 28
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Welcome to New Orleans

Independent Banker

State/Regional Partners Reception*. State/Regional Affiliate Associations & Exhibitor Receptions*. Regulators Luncheon*. I’m from Detroit: Henry Ford came out with the Model T and said, “Look, you can have any color you want as long as it’s black.” General Session. Lunch with Exhibitors in Expo. Tuesday, March 8.

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The Slow, Controversial Global March Of Face ID Tech

PYMNTS

First, the developer of the popular tourist destination neglected to mention that it was deploying facial recognition tech in its CCTV camera system, which has triggered a probe from British regulators. We don’t have the trouble that we used to have,” noted Detroit gas station owner Nasser Beydoun. And while the concerns in the U.S.

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

CB Insights

In the case of telemedicine, government entities eased privacy regulations to facilitate more comprehensive remote diagnostics. Tech giants aren’t the only companies that have spotted the opportunity in remote diagnostics — some biotech companies have moved quickly to demonstrate value and capitalize on the eased regulations as well.

Industry 101