News Topic: california

Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm. ... Read full article

Heightened regulatory scrutiny and a slowdown in commerce have raised concerns about the viability of doing business along the U.S. Mexico border. ... Read full article

The California company was issued a consent order after it failed to meet the conditions of a January 2018 informal agreement. ... Read full article

Paul Taylor previously served as CEO of Guaranty Bancorp in Denver, which sold in January to Independent Bank. ... Read full article

Shelley Seifert had been the bank's chief operating officer. ... Read full article

The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach. ... Read full article

Give Lindsay Lawrence a big job to do and she just might find a way to make it even bigger. ... Read full article

The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth. ... Read full article

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month. ... Read full article

A bill recently introduced in the California state assembly would create a framework for local governments to set up their own taxpayer-owned banks. It’s more specific than other public-bank proposals, which raised more questions than they answered, but ... Read full article

Edward Rostohar was arrested after his wife informed authorities he stole from CBS Employees Federal Credit Union and was preparing to flee the country. ... Read full article

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value. ... Read full article

Some lenders, especially in markets like California, are preparing in case of a technology-industry stumble that hurts business, real estate and other loan segments. Whether those fears are well founded is a matter of debate. ... Read full article

Mechanics Bank was close to buying Rabobank's U.S. unit last year, but pressed pause when the seller ran into serious legal troubles. ... Read full article

The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts. ... Read full article

Mechanics, owned by a fund tied to investor Gerald J. Ford, will pay $2 billion for Rabobank in California. ... Read full article

The California banking company has two loans tied to DC Solar that are on nonaccrual status. ... Read full article

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim. ... Read full article