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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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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.” People tend to overestimate the security of the status quo.

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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. In the case of telemedicine, government entities eased privacy regulations to facilitate more comprehensive remote diagnostics. Conversational AI/chatbots. Cloud call centers. Finance: Demand for contactless options accelerates digital adoption.

Industry 101