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Referendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors. Payday loan and privacy measures that passed Tuesday also have implications for the industry.
November 4 -
Earlier this year, the Southern California credit union was criticized for its directors not representing the demographics of the communities it serves.
October 30 -
One could change how commercial property is taxed, the other could change rent control policies. Both might affect financing.
October 14 -
The California-based institution joins a small group of CUs that represent only about 7% of institutions but hold about 70% of industry assets.
October 13 -
New Enterprise Bank would focus on venture capital and private equity firms that are involved in investment between China and the San Francisco area.
September 24 -
The state's financial regulator sent a subpoena to an auto-title lender seeking information about its partnership with a Utah bank, marking the first public disclosure of an investigation into efforts to evade a 2019 law capping interest rates on many consumer loans.
September 3 -
The California plan to create a new, tougher state regulatory agency is at the finish line after lawmakers agreed to key exemptions for banks while maintaining strong enforcement measures for payday lenders and other firms.
August 31 -
The legislation, which would apply to both banks and nonbanks, would give borrowers the right to sue for damages when servicing violations occur.
August 28 -
The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.
August 26 -
The agency said national banks could close offices “at their discretion” as a safety precaution if they are affected by fires in California and Colorado.
August 24