CA

OCC announces initiative to expand credit access in Los Angeles

10/30/20

The effort is the first offshoot of Project REACh, which is designed to bring together business leaders, government officials and advocates to help improve financial services options for disadvantaged communities.

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L.A warns banks: Don’t set sales goals if you want city's business

12/14/17

A measure passed by the city council, which still needs final approval, would require banks that want city contracts to disclose whether they set individual or branch-level sales requirements. It comes in response to the Wells Fargo fake account scandal.

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Panic in Detroit? Motor City Moves Closer to Possible Chapter 9 Filing

12/13/12

Detroit has seen signs of revival in its urban core following the near-death experiences of GM and Chrysler. Unfortunately, its municipal finances remain beaten down by the city’s long and precipitous decline over the past several decades. Labor and legacy costs, incurred when the auto industry thrived and the population well exceeded a million citizens, are now heav

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Game On in Stockton, CA Chapter 9 Case - Bond Insurer Sets Focus on Calpers

08/15/12

The Olympics may be over, but a potential clash of titans is gearing up in the Chapter 9 bankruptcy case of Stockton, California. Municipal bond insurer National Public Finance Guarantee Corporation (“National”) has challenged Stockton’s eligibility to be a debtor under Chapter 9 of the Bankruptcy Code, and is focusing expressly on the city’s alleged failure to seek concessions of its pension l

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The Complicated California Foreclosure Process Explained

03/28/12

California foreclosure laws are among the nation’s most complex but are also fairly consumer friendly. In this post, we will attempt to provide good answers to the most common questions California residents have about the foreclosure process, both before and after a sale. A Brief Introduction to Mortgages In order to fully grasp the information [...]

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