Michigan University’s Consumer Survey Shows Continued Economic Rebound 


1-10 survey of American consumers by the University of Michigan show an unexpected upturn, with respondents anticipating larger income gains and lower inflation during the year ahead, the University of Michigan reported on Friday (Oct. The preliminary results of an Oct.

Coronavirus Refunds: Michigan Blue Cross Blue Shield Refunds $100M As Lockdown Slashes Medical Claims


Blue Cross Blue Shield of Michigan and Blue Care Network plan to give back over $100 million to fully insured clients in 2020, according to an announcement. Healthcare Blue Care Network Blue Cross Blue Shield of Michigan Insurance News refunds What is Healthcare

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Michigan Passes Self-Driving Regulations


9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. Michigan, the legacy home of the nation’s auto industry, now leads the nation in autonomous vehicle policy, says Recode — ahead of Florida, California and a few others with some current legislation. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan.

Giving The Gift Of Michigan With Curated Boxes


It’s all “nice, local, Michigan-made food products,” Founder Cory Wright told PYMNTS in an interview. The big draw, Wright said, is that someone has to have some type of allegiance to Michigan. Retail ecommerce gift boxes gifts michigan Mitten Crate News subscriptions

US Senators Press For Cash Airline Refunds; Michigan To Provide Season Ticket Refunds


The University of Michigan will give a complete refund to season ticket holders in case the college football season is called off because of the coronavirus crisis, All About Ann Arbor reported. Coronavirus airline COVID-19 michigan News refunds season tickets sports tickets

Michigan Approves Charter For First LGBT Credit Union


Michigan has approved a charter for a new financial institution designed for LGBT customers. Banking banking charter Credit Union discrimination LGBT michigan News Superbia What's Hot

ChoiceOne to enter new Michigan markets with Community Shores deal

American Banker

Community banking M&A Growth strategies MichiganThe company will pay $29 million for a bank located northwest of Grand Rapids.

Mortgage review hangs heavy over Michigan bank's new CEO

American Banker

Community banking Qualified residential mortgages Mortgages Michigan CaliforniaTom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year.

Sterling in Michigan facing Justice Department probe of mortgage practices

American Banker

C-suite Mortgages OCC Community banking Lawsuits Michigan DoJ Regulatory actions and programsThe company disclosed that an internal review of a now-discontinued loan program found that employees engaged in misconduct tied to income verification and requirements, among other things.

Michigan Bankers, Local Newsrooms Work Together to Promote Banking

ABA Community Banking

The post Michigan Bankers, Local Newsrooms Work Together to Promote Banking appeared first on ABA Banking Journal. Through a TV news partnership, one state bankers association is raising public awareness about what banks do, the safety they provide and the support they give their communities.

How savings app Plinqit wants to help banks

Bank Innovation

Plinqit was developed by Ann Arbor-based startup HT Mobile Apps (HTMA), which confirmed on Monday that it added Bank Michigan […].

Higher Education Eyes Freezing Tuition


It isn’t alone — Delaware Valley University in Pennsylvania, Kansas City University and Central Michigan University are also considering similarly unchanged rates in order to offer an olive branch to students and families struggling due to the virus and the costly rates of higher education.

Michigan Court Rules Against Credit Unions In Ongoing ADA Litigation

New York's State of Mind

Earlier this week a Federal District Court in Michigan held that a blind person had the right to sue a credit union she claims has an inaccessible website even though she is not eligible for membership. It appears that reports of the demise of ADA website litigation have been greatly exaggerated.

Consumer Sentiment Index Drops To 71.8 In April


As individuals consider COVID-19 and the potential of the economy reopening again, American consumer sentiment dropped for the third consecutive month per University of Michigan data. The University of Michigan Consumer Sentiment Index fell to 89.1

Is a Gas Station in Michigan Test Driving the Future of Mobile Payments?

Payments Source

Patrons of the GC Express gas station in Caro, Mich., have another choice to make at the pump: Do they want to pay with a credit union's mobile banking app? mobile technology

What to Do with Michigan's Biggest Bank?

American Banker

Chemical CEO David Ramaker has a wide range of options — diversify business lines, expand organically in several Midwestern states, pursue M&A or all of the above — following his recent acquisition of Talmer. But new challenges accompany Chemical's higher profile, too.

Arbor Bancorp to enter nearby market with FNBH acquisition

American Banker

The Michigan company will pay $101 million for the parent of First National Bank in Howell, Mich. Community banking M&A Growth strategies Michigan

Fentura in Michigan to Raise $15 Million

American Banker

Fentura Financial in Fenton, Mich., is the latest banking company to outline plans to sell common stock. breaking_news dealmaking-strategy mi community-banking

West Shore Bank to Buy West Michigan Bank

American Banker

has agreed to buy West Michigan Bank & Trust in Frankfort. West Shore Bank Corp. in Ludington, Mich., breaking_news community-banking m-a mi dealmaking-strategy

Fentura to Buy Community Bancorp in Michigan

American Banker

Fentura Financial in Fenton, Mich., has agreed to buy Community Bancorp in St. Charles, Mich. breaking_news community-banking mi dealmaking-strategy

The Eastern District of Michigan affirms the CFPB’s broad authority to issue civil investigative demands

CFPB Monitor

A recent decision from the Eastern District of Michigan in CFPB v. Daniel L. Delnero. Harbour Portfolio Advisors, LLC; National Asset Advisors, LLC; and National Asset Mortgage, LLC serves as a reminder that the CFPB’s authority to issue a Civil Investigative Demand (“CID”) is very broad, particularly when compared to discovery in federal litigation. For example, federal courts will often limit discovery to conduct that occurred within the relevant statute of limitations.

COO to Be Next CEO at Mercantile in Michigan

American Banker

Mercantile Bank Corp. in Grand Rapids, Mich., announced Tuesday that Michael Price plans to retire as president and chief executive at the end of the year after a decade at the helm of the company. breaking_news people community-banking

Meta Financial gains national lending platform with Crestmark deal

Payments Source

Community banking Commercial lending M&A Growth strategies Payments Michigan South DakotaThe payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.

County Bank to Buy Capac Bancorp in Michigan

American Banker

County Bank, the holding company for the $324 million-asset Lapeer County Bank & Trust, said in a press release that it will pay $20 million, or $27 a share, in stock for the parent of the $245 million-asset CSB Bank. breaking_news community-banking m-a mi dealmaking-strategy

US Unemployment Rate Reaches 18-Year Low


The University of Michigan’s readings , posted on Friday (May 25), showed a dip from a 14-year peak touched this year. Personnel earnings labor market News payroll RBC Capital Markets The University of Michigan unemployment rate What's HotIndicating a tightening labor market, the U.S. unemployment rate dropped to 3.8 percent amid higher-than-expected payroll gains. That decrease brings the unemployment rate to its lowest point in 18 years, Reuters reported. “It’s

Weird Commerce: Sticky Notes, For Those Lightbulbs In The Shower


weird commerce aqua notes aquanotes ideas michigan sticky notesDespite the dangerous irony, many lightbulbs go off in the shower. “I I am a consummate shower thinker,” said Mark Knudsen, president of AquaNotes , the company responsible for the first sticky notes made for use in wet places. “I I get an inordinate amount of ideas in the shower — many people do — and for years I was looking for some sort of device [there].”.

Michigan Credit Union Balloon Travels Crash Lands in Maine… 1,000 Miles From Home

The Financial Brand

A credit union has a little PR fun after one of its balloons crash lands way off course. Public Relations

Data: Pot payments on the rise

Payments Source

Now that states such as Michigan, Utah and Missouri voted in favor of legalization in this year's midterms, legal marijuana is poised to become a growth industry. Marijuana banking Compliance Network rules Mobile payments

US Spending Slows, Consumer Sentiment Hits Record Low


The University of Michigan Consumer Sentiment Index dropped to 89.1 The University of Michigan said it would drop further due to higher unemployment and less household income. Consumer sentiment in the U.S.

5 Mind Blowing Concepts In Culture Banks Can Immediately Use

Banker to Banker

We talked about how culture alone allowed Zingerman’s, a little Michigan deli, to have a worldwide following. Earlier this week ( HERE ), we highlighted how an employee handbook can have a colossal impact on culture that can radically alter your bank’s trajectory.

Extra Federal Benefits Ease Layoff Decisions For Employers


Other companies such as Macy’s , the Ohio-based national retailer and Steelcase, the Michigan office furniture company, have cited the generous stimulus unemployment benefits as they furlough staff while the coronavirus pandemic rages.

Amazon Covertly Working On Cold Vaccine


According to a 2003 study by the University of Michigan, the cold costs the U.S. Amazon has been secretly working for years to cure the common cold with an initiative called “Project Gesundheit,” according to a report from CNBC.

Walmart Amazon Whole Paycheck Tracker: Adjusting To The New Normal


Michigan’s ban, for example, says stores more than 50,000 square feet must close areas dedicated to carpeting, flooring, furniture, garden centers, plant nurseries and paint.

Another 4.4M Americans File Unemployment Claims


The coronavirus pandemic continues to rock the country, as another 4.43 million Americans applied for unemployment benefits in the week ending April 18, sending the unemployment rate to a new record of 11 percent, the U.S. Labor Department reported on Thursday (April 23).

Horizon Bancorp in Indiana Restructures Balance Sheet to Repay Debt

American Banker

Horizon Bancorp in Michigan City, Ind., has restructured its balance sheet to improve its margins and financial returns. breaking_news dealmaking-strategy capital strategic-alternatives in community-banking