California

The bank, whose 7(a) originations have plummeted in recent years, is developing a portal that will let applicants upload documents, complete forms and track application progress.

The sale comes just three years after the San Francisco bank bought the platform.

Moderates on the Financial Services Committee are attempting to block legislation that would extend the 36% interest rate cap on loans to military personnel to all consumers.

Federal and state policymakers wagged their fingers this week at high-cost lenders that might be looking to team with banks to evade a 36% ceiling on interest rates.

As part of this year's Best Practices Awards, CU Journal looks at a trio of institutions that have found creative and effective ways to bring in new funding.

This is the second time in five years the California-based credit union has issued a giveback, for a total of $38 million.

The Bakersfield, Calif.-based institution has applied to convert to a state charter.

The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank.

Member business lending growth has fluctuated in recent years but growth overall is slowing even as balances continue to rise. The long run of success could prove to be a problem when the economy finally turns south.

A group has filed paperwork with the FDIC to form Legacy Bank in Temecula.