California

California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue. Here's an overview of the players and the proposals.

At least five banks have warned about the potential loss of tax benefits if it is proven that DC Solar operated an investor scheme.

Bank of Marin CEO Russ Colombo is tightening up pricing and terms, citing soaring real estate prices in markets like San Francisco.

California-based CuVantis aims to change the model for how credit unions offer financial planning by offering non-commissioned services to members.

Even as the movement grows through charter changes and field of membership expansions, some observers say many boards don’t yet reflect this dynamic.

A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.

The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.

Tim Green is taking over at the California-based credit union following the retirement of longtime CEO Richard Andrews.

The company said the move reflects intense competition and a "significant decline" in origination volume.

Many credit unions already know they need to diversity their slate of directors. Here's how a handful of CUs have already started that process.

Auto lending in particular was a strong area for institutions in both states.

The parent company of Silicon Valley Bank predicted a strong year, saying the high-tech and other niches it serves are built to withstand current economic uncertainty.

Keith Wilton will also succeed Walter Kaczmarek as president in August.

The $1.9 billion-asset Schools Financial Credit Union has plans to merge into SchoolsFirst, which is already the largest credit union in California.

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest rate limits.

Coast-Tel Federal Credit Union is merging into Bay Federal Credit Union on Feb. 1 with the integration expected to be completed by midyear.

The San Francisco company's quarterly earnings also reflected higher wealth management revenue.

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

With government workers off the job, some credit union call centers are extra busy as worried members reach out with questions.

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