California

Protiviti in Menlo Park, Calif. has developed a new module companies can use to develop and manage an anti-corruption program that aids compliance with the U.S. Foreign Corrupt Practices Act and other anti-corruption laws.

MANHATTAN BEACH, Calif. — Kinecta FCU has launched two small-dollar loans that test alternative underwriting guidelines to serve the underbanked.

SAN FRANCISCO — The flurry of regulations coming out of CFPB were expected to drive some credit unions right out of the mortgage business, but the "big dog" of mortgage regulation is yet to come, and that one might finally do the trick, according to one compliance expert.

Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.

LAS VEGAS — The auto lending world is moving inexorably to a model that features mobile technology and is fueled by impatience.

City National Bank (CYN) in Los Angeles opened an office in Daytona Beach, Fla., that will target clients in the entertainment, sports and motorsports industries.

SAN FRANCISCO — From dragons and drums to lending challenges to come, America's Credit Union Conference kicked off with a bang on Monday.

LOS ANGELES — Reactions were mixed following NCUA's first "Listening Session" on the proposed risk-based capital rule here last week.

SAN JOSE, Calif. — The San Francisco Bay Area is a "very crowded" market, with "high competition" among the many credit unions, banks and other financial service companies that are here.

MOUNTAIN VIEW, Calif. — At $6.8 billion in assets, First Technology FCU is the 10th largest credit union in the nation — and it enjoys the unique perspective of serving members in two of the hottest markets: Silicon Valley in Northern California and Lane County, Oregon.

SAN JOSE, Calif. — How incredible is the housing market in and around the fabled Silicon Valley, the Northern California home of innumerable tech companies?

SAN FRANCISCO — As credit union leaders from across the U.S. flock here for CUNA's America's Credit Union Conference this week, they will find most San Francisco Bay Area CU executives with big smiles on their faces.

SAN JOSE, Calif. — Should credit union in the Bay Area be worried about a housing bubble?

Opus Bank (OPB) in Irvine, Calif., is turning its health care banking into a national operation.

City National Bank in Los Angeles has agreed to sell its retirement services business to OneAmerica, an insurance and asset management firm.

Opus Bank (OPB) in Irvine, Calif., has launched a small-business banking division.

MOUNTAIN VIEW, Calif. — Credit unions should partner with members to battle all the mobile banking attacks that will likely strike the United States following the first major mobile security threat to hit the nation earlier this month.

Open Bank (OPBK) in Los Angeles has raised $30 million in a private offering of common stock.

The company is suing Basswood Capital, claiming the activist hedge fund unlawfully accumulated a large stake by violating a confidentiality agreement. It also claims that Basswood's meddling resulted in a subpar capital raise last month.

The state of California is seeking a 12-month license suspension for CashCall, a high-cost lender that's come under fire in numerous other states.