12.19.18
The California Department of Business Oversight (DBO) has started the process of developing regulations to implement SB 1235, which imposes new disclosure requirements for commercial financing in the state.
Undertaking a serious push to encourage de novo banks, the Federal Deposit Insurance Corporation (FDIC) announced multiple initiatives and released new resources in the hopes of attracting new banks.
11.09.18
On Tuesday, California voters turned out in record numbers, the highest percentage in a mid-term election in more than three decades.
California Governor-elect Gavin Newsom is moving swiftly to appoint senior members of his administration.
10.10.18
Following a busy few months for the California legislature, financial institutions are now facing some new requirements.
09.27.18
While the California Consumer Privacy Act (CCPA) and subsequent amendments have dominated privacy news lately, some states are enacting data protection legislation that could impact financial institutions and businesses.
09.13.18
At this ten-year anniversary of the Sept. 15, 2008, failure of investment banking giant Lehman Brothers, it’s time to take stock.
Offering a cautionary tale to banks, the Board of Governors of the Federal Reserve fined a national bank $8.6 million for the improper execution of residential mortgage-related documents while a 2011 Consent Order was in place.
At literally the 11th hour on August 31, the California legislature passed Senate Bill 1235 (SB 1235).
After months of public debate and negotiation on privacy, the California State Legislature wrapped up the 2017–18 legislative session with a consensus privacy measure following on the heels of June’s California Consumer Privacy Act (CCPA, or the Act).
