California

Wells Fargo must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn't get the breaks they were entitled to under the state's stringent labor laws.

The California company ended up selling 1 million more shares than it had originally planned to offer.

A longtime Disney employee shares lessons on how the legendary company empowers employees, who in turn provide a great experience that builds loyalty.

For one California bank, the biggest challenge was finding equity investors to participate in deals.

The California-based CU gave Credit Union Journal a behind-the-scenes view of what can be a painful process, while another expert offered best practices for CUs considering similar moves.

E-commerce platform Magento is giving merchants the option to activate Klarna instant credit for online checkouts.

The Silicon Valley-based institution is funding the housing, parking and mixed-use retail development in place of what used to be a raising-drying warehouse.

The National Football League team’s players and staff are the credit union's newest SEG.

The California company, which also focuses on Asian-Americans, agreed to buy First American International.

Insights from the National Association of Credit Union Service Organizations' 2018 conference, taking place this week at the Disneyland Hotel in Anaheim, Calif.

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit.

New Resource Bank and P2Bi are splitting the risk and revenue associated with asset-based loans.

Users cite ease of use, ability to offer advanced products, services.

UNCLE Credit Union is continuing its expansion into the Stockton, Calif., market via merger with Allied Trades CU.

The San Diego company said the deal will bring in low-cost deposits and create a new source of fee income.

CFO Steve Stone has been elevated to the chief executive position following the retirement of CEO Victor Quint.

In a first for the credit union, Kinecta FCU will be the exclusive financial services partner of the Major League Soccer team and its home venue, StubHub Center.

Following a charter change from employee-based to a community-based field of membership, the credit union said the new name will help it reach its new base.

Mendell Thompson, president and CEO of America’s Christian Credit Union, was named mayor of Glendora, Calif. by the city council.

Doug Martinez succeeds John Walling, who spent 39 years at the helm.