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‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants. The company’s portfolio in and around downtown, is said to be expansive and comes as Detroit deals with at least 1,035 infections and nine deaths from COVID-19.

Retail 167
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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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Welcome to New Orleans

Independent Banker

State/Regional Partners Reception*. State/Regional Affiliate Associations & Exhibitor Receptions*. 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. Monday, March 7.

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

FICO

Hard-hit MSAs such as Las Vegas, Phoenix and Detroit have also seen substantial increases in their average FICO® Scores over the past 10-year period. economy, and the majority of Americans tend to be credit active (using credit and securing new credit). Consumer credit continues to play an important role in the U.S.

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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