california

More job cuts planned for Banc of California

06/29/18

Banc of California in Santa Ana will cut roughly 9% of its workforce as it looks to trim $15 million in expenses.

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Banks take page from 'Shark Tank' to connect with businesses

06/28/18

Sponsoring so-called pitch competitions helps lenders gain Community Reinvestment Act credit and gather deposits.

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Equifax reaches deal with 8 states on steps to avoid future breaches

06/27/18

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

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Battle for small-business customers spurs arms race at banks

06/27/18

A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks.

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Californians to vote on privacy measure — unless legislature acts first

06/26/18

A ballot initiative that taps into the public's anger about online data abuses has qualified for the November ballot. But lawmakers are considering whether to head off the statewide vote by passing a measure that may be more amenable to the financial industry.

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Payday lending in Calif. shrunk by almost 7% last year

06/22/18

The trend may be partially attributable to a strong economy. Growth in high-cost installment lending could also be a factor.

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Hanmi looking for new CEO after leader sets retirement date

06/15/18

C.G. Kum, who has been the Los Angeles company's CEO the past five years, plans to retire in May.

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California may force online business lenders to disclose rates

06/12/18

First-of-its-kind legislation seeks to tame the largely unregulated world of online small-business lending. It has drawn bipartisan support from lawmakers, but so far has failed to satisfy either the industry or its critics.

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Expansion in home finance behind new Umpqua hire

06/05/18

Umpqua Bank has hired veteran lender Tom Farrell to help it grow its homebuilder finance group in California.

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Calif. bank gets rare shareholder rebuke on executive pay

06/05/18

The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.

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