• 03.13.19

    From Fintech Charters to Sandboxes

    Financial technology news includes the continuing battle over the Office of the Comptroller of the Currency’s (OCC) plan to issue special-purpose national bank (“fintech”) charters, with the agency seeking to dismiss lawsuits by the Conference of State Bank Supervisors (CSBS) and ...

  • 01.11.19

    Governor Newsom’s First State Budget: New Policy and Funding Priorities for California

    This week, California’s newly inaugurated 40th governor, Gavin Newsom, unveiled his first state budget proposal, which projects nearly $6.1 billion in new revenues, would authorize $144.2 billion in state General Fund spending in 2019–20, a 4 percent increase over the $138.7 billion ...

  • 12.19.18

    California DBO Seeks Help With SB 1235

    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.

  • 12.19.18

    FDIC Pushes for De Novo Banks

    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

    The Results: Newsom Wins, Democrats Dominate in California

    On Tuesday, California voters turned out in record numbers, the highest percentage in a mid-term election in more than three decades.

  • 11.09.18

    Governor-Elect Newsom Names Chief of Staff and Cabinet Secretary

    California Governor-elect Gavin Newsom is moving swiftly to appoint senior members of his administration.

  • 10.10.18

    California Enacts New Laws Impacting Financial Institutions

    Following a busy few months for the California legislature, financial institutions are now facing some new requirements.

  • 09.27.18

    Ohio, Colorado Add to State Data Protection Laws

    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

    Marking the Decade Since Lehman’s Collapse

    At this ten-year anniversary of the Sept. 15, 2008, failure of investment banking giant Lehman Brothers, it’s time to take stock.

  • 09.13.18

    Federal Reserve Hits Bank With $8.6M Fine

    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.