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A bill moving through the California Legislature seeks to tame the largely unregulated world of online small-business lending. If passed, it would be the first of its kind nationally, but so far it has failed to satisfy either the industry or its critics.
June 12
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An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.
June 12
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The Virginia-based CU cited the need for greater automation to continue its growth.
June 12
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Wong was placed on administrative leave in February and arrested in May in connection with alleged embezzlement and fraud at the credi tunion.
June 12
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The internet-only bank plans to offer businesses a way to quickly open accounts online.
June 12
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Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.
June 12
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Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County.
June 12
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Longview, Texas-based credit union has tipped Randall Perason to succeed retiring CEO Betty DeWeese.
June 12
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The Virginia bank has submitted the paperwork for Carolina State Bank, adding to the list of groups looking to open the state's first de novo since 2009.
June 12
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Chief Administrative Officer Jane Verret will succeed CEO Dawn Harris, who plans to retire at the end of this year.
June 12
