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The California Bankers Association and Beacon Economics Release California Banking Intelligence Report
Report reviews the recent bank lending environment and stock market volatility
Sacramento, Calif. — The California Bankers Association (CBA) and Beacon Economics have released a seventh California banking report that examines important issues currently affecting California’s banks and the overall economy. The report is authored by Chris Thornberg, Ph.D., founding partner, and Jordan Levine, economist and director of economic research, at Beacon Economics. This report analyzes bank lending data for California through the second quarter of 2015, and offers observations on the recent volatility observed in the stock market. Among the report’s key findings:
Golden Pacific Bank’s President and CEO Virginia Varela says in Another Voice: Starting a Conversation on Bank Rules in the Sacramento Business Journal, “No matter what your political stance, there is something that we should be able to agree on, and that is there are too many silly, outdated and overly restrictive laws affecting community banks and small credit unions, harming small businesses and their access to capital.”
Simone Lagomarsino Sacramento Bee Opinion Editorial: Trial attorneys are the real winners in class-action lawsuits
CBA President and CEO Simone Lagomarsino says Senate Bill 33, a measure that seeks to promote class action lawsuits, makes trial attorneys, not consumers, the winners.
Bankers want a surgical fix for Dodd-Frank. Learn more about the customers hurt by its overly burdensome rules.
The CBA is pleased to share with you the following video we have created that highlights the negative impact the qualified mortgage and ability to repay rules contained in the Dodd-Frank Act are having on banks’ lending activities. The video is intended to be a resource for all bankers to use to highlight the need to fix specific elements of Dodd-Frank, particularly QM/ATR, as you meet with local elected officials, community leaders, or in forums with your customers. Please also feel free to share and link to the video on your social media platforms.
Simone Lagomarsino Santa Maria Sun Opinion Editorial: Credit Unions’ Tax Exemption no Longer Justified
CBA President and CEO Simone Lagomarsino says the credit unions’ tax exemption is no longer justified.
CBA President and CEO Simone Lagomarsino and Florida Bankers Association President and CEO Alex Sanchez discuss the upcoming joint Washington, D.C. Visit with Bloomberg.
As bankers continue to survey losses associated with the
catastrophic wildfires wreaking havoc in Northern California and
some southern portions of the state, housing appears to be a top
concern. CBA President & CEO Simone Lagomarsino
discusses how bankers are working
together to rebuild communities.
What to do with billions of dollars that banks won’t touch
Anderson – Staff Writer, Sacramento
Nov 17, 2017
The billions that will be generated from California’s soon-to-be-legal recreational marijuana industry cannot be banked legally.
And that presents a real conundrum for companies that sell pot.
The California Bankers Association Applauds Senate Passage of Bipartisan Regulatory Reform Legislation
SACRAMENTO, Calif. – On a strong bipartisan vote, the U.S. Senate approved 67-31, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. The bill, which will now advance to the House, is designed to right-size banking regulations to allow banks to better serve their customers and their communities, while maintaining appropriate safety and soundness controls.