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Payday lending activity increased in California last year, but the size of loans and fees charged both declined, according to a new report from California's banking regulator.
June 17 -
Auto title loans in California grew by more than 10% in number and dollar value last year and the market has almost doubled since 2011, according to a new report.
July 10 -
If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.
June 25
The California Department of Business Oversight, which regulates financial services and products, has promoted Debie Abella to head of bank regulation and supervision.
Abella on Sept. 1 succeeded Scott Cameron as deputy commissioner of the banking division. Abella will oversee examination for all state-supervised banks.
Abella joined the Department of Business Oversight in 1983. She previously was regional deputy commissioner of the division of bank examinations for Northern California. She had held that position since 2010, in which she oversaw examinations for state-supervised banks in the northern part of the state.
Cameron was promoted to senior deputy commissioner for the division of financial institutions, where he oversees banks and other nonbank financial institutions like credit unions and money transmitters.