News Topic: california

The legislation would help small-business owners better evaluate financing options by requiring updated disclosures. ... Read full article

The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities. ... Read full article

The Los Angeles company will also gain its first branches in Nevada after completing the $467 million acquisition. ... Read full article

Hanmi thought it was all set to buy SWNB in Houston, but the seller was unable to secure enough shareholder votes to back the deal. ... Read full article

The decision to adopt the name Axos Bank seems to put more distance between the company and its Internet roots. ... Read full article

Hanmi Financial in Los Angeles will pay more of the deal price in cash, prompting SWNB Bancorp to postpone its shareholder vote. ... Read full article

The Oakland bank has raised $25 million through a private placement of common stock. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

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