Michigan CUSO To Implement RembrandtLending Solution

January 04, 2005, 1:00 a.m. EST 1 Min Read

ANN ARBOR, Mich. - (01/04/05) -- Michigan Business Connection, anewly formed CUSO for business lending services, said it has signedwith Bankers Systems, Inc., to use the company's Rembrandt LendingSystem for online loan documentation. The Rembrandt system helpsincrease the efficiency and productivity of a credit union orCUSO's business lending by simplifying the documentation ofbusiness loans. Bankers Systems is a unit of WoltersKluwer ofAmsterdam.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Federal Reserve

Waller proposes creation of 'skinny' master account

Federal Reserve Gov. Christopher Waller has directed central bank staff to explore the concept of a limited payment account, which would give nonbank entities in the payments space — including crypto firms — access to traditional payment systems.

By Maria Volkova

31m ago
AML

Senate Republicans propose raising SAR threshold to $30K

Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., introduced a bill that would raise the mandatory reporting threshold for certain currency transactions, a move meant to ease banks' anti-money laundering compliance obligations.

By John Heltman

1h ago
ILCs

Warren calls on FDIC to again pause ILC approvals

Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is urging the Federal Deposit Insurance Corp. not to approve new Industrial Loan Company charters until Congress passes a law subjecting ILCs to bank holding company rules.

By John Heltman

2h ago
Payments

Why some banks are saying yes to stablecoins, and others are saying no

Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.

By Frank Gargano

3h ago
Stablecoin

Inside Paxos and Aleo's 'stablecoin salaries'

The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.

By John Adams

9h ago
Zions Bancorp.

Zions is 'confident' in credit despite Wall Street battering

Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.

By Catherine Leffert

October 20