bank

Stateside
3:34 pm
Tue February 18, 2014

Bitcoin digital currency could be the way of the future, according to two Michigan students

A physical bitcoin.
Wikipedia

Bitcoin: Is it something that could alter centuries of banking and money practices? Or is it an unstable "funny money" fad?

Bitcoin is a digital currency or "cryptocurrency" not backed by any central bank.

But our next guests are banking on bitcoin.

Kinnard Hockenhull actually left the University of Michigan to set up his bitcoin business called BitBox.

And Daniel Bloch is a U of M junior in the College of Literature, Science and the Arts and Engineering. He's working with Hockenhull on BitBox and he's launched his own bitcoin-based nonprofit called Coingive that tries to give charities a helping hand with bitcoin. They joined us today.

Listen to the full interview above.

Law
11:05 am
Mon June 24, 2013

Proposed changes to Michigan’s home foreclosure laws allow unannounced inspections

Steve Carmody Michigan Radio

Housing advocates are asking Governor Rick Snyder to veto a package of bills that would change home foreclosure rules.

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Politics & Government
5:08 pm
Tue May 28, 2013

Lawmakers seek to shorten the amount of time to stop a bank foreclosure

A foreclosed house in Michigan.
Rebecca Williams The Environment Report

Opponents of a plan to change the foreclosure process in Michigan say it would put more people out of their homes and hurt property values.

They were in Lansing today to protest a package of bills in the state Legislature.

The legislation would shorten the amount of time homeowners have to stop a bank foreclosure from six months to two months.

Ingham County Register of Deeds Curtis Hertel Jr. says banks have wrongly foreclosed on thousands of properties across the state.

He says it often takes months for people to prove they don’t deserve to lose their home.

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