Retail & Commercial

California Gov. Jerry Brown violated state law by diverting more than $331 million in mortgage settlement funds for uses unrelated to housing, a Superior Court judge ruled.

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

Institutions with $5 billion to $50 billion in assets have gained a bigger slice of the industry's assets since 2010 by focusing on specialized lending and redefining their markets.

A study of the top five U.S. auto insurers found an average 49% difference in premium costs for someone with an excellent credit score compared with someone with no credit history.

RealtyMogul.com in Los Angeles said it reached agreements for a total of $250 million in capital, which it will use to offer new products.

The $5.9 billion-asset company sold the subsidiary, First Merchants Insurance Group, on June 12 to USI Insurance Services, an insurance brokerage firm in Valhalla, N.Y.

Opus Bank in Irvine, Calif., has named a new head of commercial real estate lending after its current leader resigned.

The cumbersome regulations for prepaid products proposed by CFPB could reduce market competition, discourage innovation and effectively cut off many Americans' participation in the digital economy.

Global Debt Registry announced that its Account Extinguishment Report is available for free to consumers on its consumer website Debt Lookup. The firm calls it "a solution for protecting consumers from attempts to collect on settled, cancelled or closed accounts."

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.