News Topic: california

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

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 ... Read full article

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 ... Read full article

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 ... Read full article

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 ... Read full article

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

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. ... Read full article

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

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

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. ... Read full article

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. ... Read full article

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 ... Read full article

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

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

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. ... Read full article

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

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

A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia. ... Read full article