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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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When IoT And The Automotive Industry Collide

PYMNTS

One of the big wake-ups for me was to see Ford stand on the stage at the Detroit Auto Show about a year ago and announce that it will become a mobility company, which is a complete pivot of the philosophy of business that this 130-year-old stalwart of automotive has been from its inception.”.

Industry 100
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15 Minutes With … Scott Badley

Independent Banker

But a couple are pushing up against the metro Detroit area. So to answer the question about my role and duties, I have had the opportunity over the past couple years to be involved in compliance regulations, Bank Secrecy Act, security committee, information technology and many other areas. Some are heavily farming communities.

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How Smart Cities Will Vacuum Up Data — And Attempt To Protect It

CB Insights

Alphabet’s Sidewalk Labs developed Coord, an initiative used to track the unique regulations and rules that govern each curb. The collected data might also allow policy makers to tweak curb regulations to better fit driver movement. Sidewalk Labs’ Coord is starting with the curb. Remix creates visualizations .

Data 72
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Welcome to New Orleans

Independent Banker

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. Roundtable Discussions. State/Regional Affiliate Associations & Exhibitor Receptions*. Tuesday, March 8.

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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