California

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.

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

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

A bill moving through the California Legislature seeks to tame the largely unregulated world of online small-business lending. If passed, it would be the first of its kind nationally, but so far it has failed to satisfy either the industry or its critics.

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

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

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

California lawmakers have voted to authorize the establishment of state-chartered banks for the limited purpose of serving the marijuana industry.

Blue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings.

Heading into its sixth year, the XDI Chili Challenge isn't just about cooking up some spicy stew: it can also be a great way to develop rapport with employees and members alike.