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Displaying items tagged: Michigan Bankers Association

Tuesday, 17 May 2022 15:56

Federal agencies propose ‘long overdue’ changes to equitable lending rules as banking moves virtual

A proposal by a trio of federal agencies would bring major banking industry regulations into the modern digital age as banking is increasingly done electronically instead of in branch offices.

Published in Finance
Sunday, 02 August 2020 18:50

Finance, banking sectors among early adopters of AI

The software platform behind a new tech startup backed primarily by West Michigan investors learns about users and offers them ideas on what to buy next.

Published in Finance
Sunday, 07 June 2020 13:00

Q&A: Jelena McWilliams Chairman, Federal Deposit Insurance Corp.

The FDIC intends to keep providing regulatory flexibility to banks as they navigate the economic recession brought on by the COVID-19 pandemic. The federal regulatory agency wants banks to remain agile and do what they can to support consumers and small business owners during the crisis, according to FDIC Chairman Jelena McWilliams. McWilliams, who began a six-year term on the FDIC Board of Directors in June 2018, previously served as executive vice president, chief legal officer, and corporate secretary for Fifth Third Bank in Cincinnati, Ohio.

Published in Finance

Sunday, 26 April 2020 17:46

TRIAL BY FIRE: SBA races to provide relief to small businesses, but some hiccups remain

The sheer volume of small businesses that have sought federal relief loans illustrates the depth and scope of the economic pain brought on by the COVID-19 pandemic.

Published in Small Business
Tuesday, 17 March 2020 05:00

Michigan banking groups say financial institutions will remain open amid pandemic

The trade associations representing the banking industry across Michigan say banks intend to stay open during the crisis brought on by the coronavirus pandemic.

Published in Finance
Sunday, 13 October 2019 08:00

As financial groups push SAFE Banking Act, barriers to serving marijuana firms remain

Even if the U.S. Senate were to pass a bill to make it easier for banks and credit unions to serve the emerging cannabis industry, questions remain over just how many financial institutions will act quickly on the opportunity.

Published in Finance

Sunday, 18 August 2019 17:50

BANKING: Banks and credit unions wait for federal law to become more cannabis-friendly

The legalization of cannabis in Michigan offers an emerging economic sector for banks and credit unions, but only if Congress enacts legislation to change existing federal law and allow them into the market.

Published in Finance
Saturday, 18 August 2018 15:13

7 Michigan credit unions unite to offer trust, investment services. Bankers decry tax-exempt institutions’ ‘unfair advantage’

The proposed formation of a trust bank by seven Michigan credit unions gives new fodder to a long-standing battle in the financial services industry.

Published in Finance
Sunday, 15 April 2018 20:31

Banks, credit unions unite in support of regulatory reform bill

Executives at banks and credit unions across Michigan found common ground in advocating for legislation to ease federal regulations they say hurt smaller financial institutions and their ability to lend.

Published in Finance

Sunday, 28 May 2017 15:48

New report ranks Michigan 5th nationally for most bank branch closures

More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.

Published in Finance
Sunday, 07 February 2016 23:31

Banks push state Legislature to avoid setting mandates for credit card security technologies

Banks and credit card companies think they should be the ones who select the best technologies to combat fraud, not the state Legislature.

Published in Breaking News