Oregon Community Credit Union launches digital platform

Bank Innovation

Oregon Community Credit Union (OCCU) has launched phase one of its digital platform, a move meant to “set the foundation” for the credit union’s new focus toward automation, Chris Whittaker, vice president of consumer lending, told sister publication Auto Finance News on Monday. Carousel Innovation Strategy Lending Premium Product Design Retail Banking Auto Finance News credit unions Oregon Community Credit Union

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Oregon’s TriMet tests virtual transit payments

Payments Source

Android Pay OregonTriMet is the latest U.S. mass-transit agency to announce a program modernizing its payments and ticketing system.

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Rising revenues fuel minimum wage hike at Oregon Community Credit Union

American Banker

Minimum wage Credit unions Earnings Oregon Employee retentionThe Eugene-based institution joined a small but growing number of credit unions that have raised their entry-level pay in recent years.

Oregon Car Insurance: How to Get the Cheapest Policy Rates

MyBankTracker

Nationwide, Oregon has car insurance rates that are among the lowest in the country. At an average annual premium of $1,496 for full coverage (defined below), Oregon ranks only 38 out of the 50 states in car insurance premiums. Average Car Insurance Rates in Oregon.

Several Major Bank Appointments were made last week at Banks Such as Willamette Valley, Oregon Pacific, and Centric Bank

Banking Exchange

New C-suite appointment at Banc of California, while Wells Fargo announces HR leadership change Management Feature Human Resources CSuite Feature3 Community Banking. 1Management

Nordstrom Shutters Oregon Store As It Pushes To Go Private

PYMNTS

Nordstrom is making the rare move to shut down a full-line department store in Salem, Oregon, a decision that will likely cost about 130 workers their jobs. After the Oregon location shutters, Nordstrom will still have three full-line department stores and six Nordstrom Racks in the state. The news comes as the Nordstrom family is looking to resume their efforts to push their chain private later in the year.

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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

PYMNTS

Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. According to a report in the Oregonian , the company is also letting go of five members of its executive team. “We We have been focused on growth instead of innovation,” wrote Josh Reich, Simple ‘s chief executive officer and co-founder, in a blog post cited by the news report.

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Ex-Bank of America employees allege ‘extreme pressure' to sell credit cards

Payments Source

Even as the bank’s sales practices faced intense government scrutiny following the Wells Fargo scandal, senior leaders in Oregon were fostering a culture that valued credit-card sales above all else, according to several former employees. Bank of America Wells Fargo OCC Oregon Sales and marketing CFPB Credit cards

Portland’s Legacy FCU, Consolidated Community to merge

American Banker

The combined institution will hold assets of more than $335 million and serve over 20,000 members across eight counties in Oregon. Consolidations Credit unions M&A Oregon Growth strategies

Grab Customers launches contactless payments system in Oregon, US

The Paypers

Online company Grab Customers has launched a contactless payment system in Bend, Oregon, US to benefit grocery stores and other businesses seeking contactless transactions

Ex-Bank of America employees allege ‘extreme pressure' to sell credit cards

American Banker

Even as the bank’s sales practices faced intense government scrutiny following the Wells Fargo scandal, senior leaders in Oregon were fostering a culture that valued credit-card sales above all else, according to several former employees. Bank of America Wells Fargo OCC Oregon Sales and marketing CFPB Credit cards

Umpqua elevates insider to oversee its growth strategy

American Banker

The Oregon company tapped Tory Nixon to serve as president of its bank. Community banking Oregon Growth strategies Umpqua Bank Succession planning

US Local Governments And The Slow Death Of The Check

PYMNTS

Digital and instant payment tools’ availability has yet to persuade the Oregon Department of Revenue to give up paper checks, for example. Texas and Oregon do not share such plans.

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HomeStreet to Buy Oregon Branches from Bank of Oswego

American Banker

HomeStreet in Seattle has agreed to buy two branches in the Portland, Ore., area from Bank of Oswego. breaking_news community-banking wa or m-a dealmaking-strategy

Cascade in Oregon Promotes Reeves to President, COO

American Banker

Cascade Bancorp in Bend, Ore., has named a new bank president and chief operating officer, as its chief executive hands over some of his leadership responsibilities. breaking_news people recruitment succession-planning or community-banking

New Columbia Bank chief eyes return to M&A

American Banker

Community banking M&A Growth strategies Washington OregonIncoming CEO Clint Stein said the Tacoma, Wash., company is ready to revisit deals after spending three years updating its digital platforms.

First Interstate in Mont. to Buy Cascade in Oregon for $590M

American Banker

The $9 billion-asset First Interstate said in a press release Thursday that it will pay $589 million, or $7.60 a share, for the $3.2 billion-asset Cascade. breaking_news community-banking dealmaking-strategy

Will $1 billion California deal jump-start West Coast M&A?

American Banker

Community banking M&A Growth strategies California Washington OregonUnlike other regions of the country, the western U.S. has seen very few large bank mergers in recent years. Here's why Pacific Premier's acquisition of Opus Bank could change that.

VBlog: Three Ways to Remain Close to Customer Using the Bank Division Approach

Jeff For Banks

My western swing teaching Bank Profitability to the Oregon, Washington, and Utah Bankers' Associations Executive Development Program spurred a lot of discussion on the multi-bank charter strategy and how to grow over large geographies yet empower local decision makers and remain close to the customer. bank charters bank divisions EDP Fulton Bank glacier bank mercantile bank Oregon Bankers Association Susquehanna Bank Utah Bankers Association Washington Bankers Association zions bank

Bankers Tell Me Their Top Industry Game Changers

Jeff For Banks

This week I did my annual tour of the West, teaching Bank Profitability in the Executive Development Program for the Washington, Oregon, and Utah Bankers'' Associations. Special thanks to the talented bankers in Washington, Oregon, and Utah. banking trends EDP Executive Development Program industry overview Jeff Marsico Kafafian Group OBA Oregon Bankers Association UBA Utah Bankers Association Washington Bankers Association WBA

Can Pivotus Help Save Banks from Themselves?

Bank Innovation

Just last year, the Portland, Oregon-based corporation performed the rare feat of upgrading its core Read More. Pivotus Ventures, a new venture capital firm launched by Umpqua Holdings Corporation, believes that drastic action is needed to keep banks relevant in the coming years. If any FIs can do it, Umpqua is certainly among them. Commerce Compliance Corporate Mobile Online Operations Payments Startups Technology AT&T data aggregation disruption Napster Pivotus Umpqua

Umpqua to close branches, reduce office space over next two years

American Banker

The Oregon company unveiled a sweeping cost-cutting plan that includes more remote work opportunities and up to 50 branch closures. Digital banking Earnings Umpqua Bank Consumer banking

PPP success fuels Umpqua’s commercial lending ambitions

American Banker

The Oregon bank has launched a new division targeting businesses with up to $15 million in annual sales and tapped the banker who led its Paycheck Protection Program lending, Ashley Hayslip, to run it.

KeyBank, Cardtronics expand business partnership

ATM Marketplace

The companies' latest agreement will give KeyBank customers access to 200 surcharge-free Cardtronics ATMs in Washington and Oregon

Failing Restaurants Risk Fines To Open Doors In The Face Of Dining Ban

PYMNTS

Mayors from several municipalities in Oregon in support of restarting indoor dining formed a task force to raise money for a possible legal battle. Health officials across the U.S.

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Self-Checkout Hits A (Small) Speed Bump

PYMNTS

In fact, in Oregon, the matter has gone to court. The lobby group Oregon Business Industry (OBI) as well as the local AFL-CIO petitioned the Oregon Supreme Court late last month to limit each grocery store to two self-checkout kiosks.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Moving Up the Chain at Umpqua Bank

American Banker

Umpqua Holdings in Oregon has promoted a business-banking executive to president of its bank unit. dealmaking-strategy or people breaking_news national-regional

Fitbit Introduces $5K Emergency Ventilator To Address Urgent Pandemic Needs

PYMNTS

During development and testing, Fitbit said it worked with the Massachusetts General Brigham Center for COVID Innovation on the design and consulted with Oregon Health & Science University’s emergency room doctors caring for COVID-19 patients. “It’s

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Coronavirus Refunds: Auto Insurers Give Back Premiums; UNH Refunds $27M+ To Students

PYMNTS

In separate news, auto insurers were working with the Division of Financial Regulation in Oregon to give premium refunds as well as credits to those in the state, according to a press release.

Uber's Kalanick Pours $130M Into Ghost Kitchen Properties

PYMNTS

The properties, including closed restaurants, body shops and warehouses and are in cities including Portland, Oregon; Las Vegas, Nevada; Columbus, Ohio; and Nashville, Tennessee.

Opus Starts Finance Division, Hires Umpqua Exec

American Banker

has started a public finance division and hired an executive from Umpqua Bank in Oregon to run it. Opus Bank in Irvine, Calif., breaking_news people dealmaking-strategy corporate-governance ca community-banking

About 300 SMBs Received Less Than $99 In PPP

PYMNTS

Nikki Smith, a baker and caterer in Oregon, collected $96.

Ninth Circuit holds debt collector’s statute of limitations mistake can qualify for FDCPA bona fide error defense

CFPB Monitor

The district court dismissed for failure to state a claim, finding that the defendants did not violate the FDCPA because they could not have known the debt was time-barred since it was unclear which Oregon SOL applied when they attempted to collect the debt.

Affirm Teams With Vacation Platform Vrbo

PYMNTS

Headquartered in Portland, Oregon, Vacasa has an inventory of professionally managed vacation rentals across North America, Belize and Costa Rica.