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Californians are entering the fourth year of drought, forcing bankers to seriously consider the long-term implications for farmers and other industries. In some instances, banks are reviewing and changing underwriting practices to address risk.

Top Stories

The Kentucky senator and Republican presidential candidate told supporters and Bitcoin enthusiasts that policymakers should foster the development of new payments technologies like they did with the Internet.  more »
Consumers should receive the same level of protection whether they choose to do business with a bank or with marketplace lenders and other challengers.  more »
Golden State regulators want to bar Internet lenders from linking electronically to borrowers' bank accounts and instead require them to accept paper checks as repayment. The proposal is a technological step backward, and it could ultimately force many online lenders to pull out of the nation's largest state.  read more »
Google will provide deposit insurance backing for funds stored with its wallet service, positioning the technology giant along with stored-value providers that use the FDIC's "pass-through" coverage. Here's why that matters.  read more »
FinTech Forward
FIS Opens Tech 'Garage' in (Where Else?) San Francisco
FIS has designated a permanent area in its San Francisco office to test and showcase mobile banking and payment apps, highlighting the pressure on traditional vendors to stay current on emerging technologies and recruit young tech talent.  read more »
Partner Insights
Californians are entering the fourth year of drought, forcing bankers to seriously consider the long-term implications for farmers and other industries. In some instances, banks are reviewing and changing underwriting practices to address risk.  read more »
As branch transactions continue to decline, banks are increasingly requiring expertise in an area they paid less attention to in the past: digital design. BBVA and Capital One's recent purchases of user-experience and design firms underscore the increasingly important trend.  read more »
The California company is dealing with a pool of stressed energy loans it inherited from last year's purchase of CapitalSource. The pain shouldn't make the deal less appealing, but it is likely taking up more time than management may have expected.  read more »
Comerica reported strong loan growth across many of its business lines in the first quarter, but it's the bank's exposure to the energy sector that continues to draw the most attention from analysts and investors. Energy-Related Exposure Surfaces in Pacwest's Earnings.  read more »
He could have easily shunned the spotlight after leaving Merrill Lynch, but instead John Thain accepted the challenge of reviving the troubled CIT Group. By all measures he's succeeded, cementing his reputation as a fixer, but the job is hardly complete. Next up: transforming the commercial lender into a traditional regional bank through its closely watched acquisition of OneWest Bank.  read more »
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