If the three largest state-chartered credit unions in California were to convert to federal charters, the state’s regulator would lose $1.7 million of its $7.2 million budget, leaving small and midsize state-chartered credit unions to subsidize that loss.
This preview from our Sept. 4 print edition looks at a new state law that should lower disproportionate fees for the largest credit unions in the state.
San Francisco attorney Teveia Barnes has been appointed commissioner of the California Department of Financial Institutions, whose oversight includes credit unions.
Gov. Jerry Brown expected to soon name a successor.
California’s small businesses and other employers may have to meet a host of conditions before they are able to pay their employees with a payroll card.
Small businesses and other employers may have to meet a host of conditions to pay employees with a payroll card.
State league lobbying is undergoing more revamps this spring with advocacy schedules getting altered at two more leagues–Texas and California–to advance a more focused industry message to lawmakers.
Underlining CUNA’s stepped-up efforts on legislative advocacy at the state level, two leagues, California and Texas, unveiled plans Friday for “Hike the State Capitol” programming.
The ongoing tangle that has become the foreclosure process in many parts of the country moved in two directions last week, each of which could impact credit unions.