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.

Intrepid Investment Bankers provides advice on M&A and capital markets activities.

As government employees carry on without pay, Cabrillo Credit Union and others must balance liquidity concerns with staying out of a political fight.

Tom Meuser, the chairman of El Dorado Savings in California, said he could not get the necessary two-thirds backing from his shareholders because of recent declines in bank stock prices.

A state-backed bank would not be financially feasible because capital requirements would be too high and it likely wouldn’t return profits to the state for at least 30 years, consultants concluded.

The branch closures will reduce overhead by an estimated $1.9 million a year.