california

Amalgamated chief's goal after IPO: Create a nationwide bank

08/14/18

Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.

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Banks should do more to prevent renters from being displaced

08/14/18

Lending to problematic or serial evictors can cause people to be pushed out of their homes in the name of profits. Banks must adopt standards against this practice.

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Serial acquirer to boost New Mexico operations with latest deal

08/13/18

BayCom in Walnut Creek, Calif., would have a bigger presence in the Albuquerque area after buying Bethlehem Financial.

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CECL may not be the bogeyman banks fear

08/09/18

While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.

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Fake employer mortgage fraud widespread in California, Fannie warns

08/09/18

A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie Mae said in a new fraud alert.

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LendingClub loss widens on legal, regulatory and impairment costs

08/07/18

The marketplace lender recorded an impairment charge tied to the acquisition of a specialty lending business and is still being hit with costs stemming from the scandal that toppled its previous CEO.

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Two former bank executives sentenced for role in Calif. bank's failure

08/06/18

Bankers at Sonoma Valley Bank were convicted of bank fraud, money laundering and other offenses.

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Low-income renters are being displaced. Is it a bank problem?

07/27/18

With values on multifamily properties soaring, some building owners are using aggressive tactics to push out existing tenants to make room for higher-earning ones. That’s raising questions about whether their lenders are abetting this behavior.

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States still call the shots on subprime lending

07/24/18

The creation of the Consumer Financial Protection Bureau was widely expected to centralize regulation of payday and other high-cost loans in Washington. It hasn’t worked out that way.

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East West released from 3-year-old enforcement order on BSA compliance

07/24/18

In a 2015 enforcement action, the San Francisco Fed said it had identified problems with the Pasadena, Calif., bank’s BSA and anti-money-laundering compliance programs.

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