california

Pacific City Financial in Calif. plans IPO

07/19/18

The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million.

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LendingClub turns to outsider to oversee credit operations

07/17/18

The company, which is dealing with a lawsuit from the Federal Trade Commission tied to certain fees, hired Ronnie Momen from GreenSky as its chief lending officer.

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Increased construction lending boosts PacWest earnings

07/17/18

The Los Angeles company's second-quarter profit also benefited from last fall's purchase of CU Bancorp.

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It's getting more expensive to buy a California bank

07/16/18

Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.

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Bankroller of California privacy law warns opponents will gut it

07/09/18

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

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Debt-collection fix aimed at new target: Local government

07/05/18

Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.

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Plan to make banks divulge sales goals closer to becoming L.A. law

07/03/18

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.

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BMO Harris' digital push, California's sandbox skeptic and a giant slayer

07/02/18

A Chicago bank isn't afraid of taking on competitors that spend billions on technology. A state regulator is afraid of giving fintech startups too much latitude. Yet another one of our Most Powerful Women retires. Plus, blockchain's leading ladies, the fallout from a big political upset and a tool to help you stop apologizing.

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California BanCorp to target lawyers and accountants with new division

06/29/18

The Oakland company has hired Colleen Atkinson, a former manager at HSBC, to oversee its new professional banking business line.

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California passes nation's first statewide consumer privacy law

06/29/18

The measure, which has been compared to the EU’s new consumer privacy rules, grants Californians new rights over how companies collect and use their personal data.

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