California

Banks and marijuana dispensaries are getting closer to having a more cohesive relationship. But not close enough to bring cannabis sellers out of the high-risk category.

With values on multifamily properties soaring, some building owners are using aggressive tactics to push out existing tenants to make room for higher-earning ones. That’s raising questions about whether their lenders are abetting this behavior.

The creation of the Consumer Financial Protection Bureau was widely expected to centralize regulation of payday and other high-cost loans in Washington. It hasn’t worked out that way.

In a 2015 enforcement action, the San Francisco Fed said it had identified problems with the Pasadena, Calif., bank’s BSA and anti-money-laundering compliance programs.

The $471 million-asset credit union has retained an outside source to conduct a search for Eileen Rivera's successor.

The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million.

Credit unions in the Silver and Golden states saw strong increases in growth and deposits during the first quarter of 2018.

The California-based credit union will convert to the Symitar EASE model of the Episys platform.

The company, which is dealing with a lawsuit from the Federal Trade Commission tied to certain fees, hired Ronnie Momen from GreenSky as its chief lending officer.

The Los Angeles company's second-quarter profit also benefited from last fall's purchase of CU Bancorp.

Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.

New service provides credit scores to members via mobile, home banking.

Member Business Lending is a Utah-based provider of commercial, small business lending origination for credit unions.

When GDPR went into effect in May, it was expected that the European law would touch a lot of U.S. payment companies because of their international scope. Now it's clear that even purely domestic U.S. firms will have to adhere to some version of the data-privacy law.

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

Mark Herter has been with the credit union since 1985 and will be succeeded as CEO by current president Laura Campbell.

Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.

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The Oakland company has hired Colleen Atkinson, a former manager at HSBC, to oversee its new professional banking business line.