Impact Roadshow | Sacramento, CA

Filene

10:00 a.m. - 12:00 p.m. Local Host: Schools Financial Credit Union. Filene Host: Elry Armaza. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW?

Save the date, Sacramento, Calif.!

CFPB

Join us for a field hearing in Sacramento, Calif., about debt collection. The hearing will take place on Thursday , July 28 at 11 a.m. PDT. . Info for consumers At the CFPB Debt collection Field hearing

Amazon Grocery Delivery Expands To 3 New Cities

PYMNTS

As of today, according to an announcement from Amazon , three more cities are joining the Prime Now grocery delivery lineup: Denver, Sacramento and San Diego. “We’ve We’ve been delighted with the customer response to free two-hour delivery through Prime Now, and we’re excited to bring the service to our customers in Denver, Sacramento and San Diego,” said Christina Minardi, Whole Foods Market EVP of Operations.

Lead-generation site Magilla adds Blackstone exec to its board

BankThink

Joe Baratta, Blackstone’s global head of private equity, said that he was drawn to the Sacramento, Calif., company because he believes its technology offers lenders a more efficient way to find customers. Consumer lending Commercial lending Mortgages Commercial mortgages Blackstone Group

Community Business Bank in Calif. Redeems Tarp-Related Shares

American Banker

Community Business Bank in West Sacramento, Calif., has finally put the Troubled Asset Relief Program in the past. breaking_news law-regulation compliance treasury ca community-banking

Golden 1 Credit Union Pays $120 Million for Naming Rights to NBA Arena

Keith Leggett's Credit Union Watch

Golden 1 Credit Union bought the naming rights to an arena where the NBA Sacramento Kings play. The Sacramento Bee is reporting that the deal is for $120 million over 20 years. According to an announcement, the new arena will be branded as "Golden 1 Center." This deal shows that the credit union tax subsidy is being abused. Read the story. Branding Naming Rights

The motivation to serve underserved communities

CU Insight

The numbers are similar in urban areas such as Los Angeles, Sacramento, Boston, and Washington DC. Community Lending Borrowers Boston Cooperative Los Angeles low loan rates managing risk Sacramento Sarah Marshall underserved communities urban areasLow loan rates. Personal service.

Nearly 100 Pizza Huts To Test Beer Delivery

PYMNTS

The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California. As restaurant operators seek to bolster sales in the face of weak traffic growth, Yum! Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The restaurant chain had begun testing the service in Phoenix back in December, Reuters reported.

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Amazon’s Whole Food Discounts Are Rolling Out Across Dozens Of States

PYMNTS

For some very select customers — in Austin, Dallas, Sacramento and San Francisco — Whole Foods-shopping Prime members can combine their discounts with free two-hour grocery delivery on orders of $35. The Prime rewards are coming; the Prime rewards are coming. Such is the hue and cry set to go off in about a dozen states, as Amazon is starting to ramp up its discounting for Prime members in Whole Foods locations nationwide.

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Credit unions again lead latest round of 39 Apple Pay additions

CU Insight

Apple Pay momentum continues to propel the nascent payments system forward, and Apple on Tuesday announced the addition of 39 participating financial institutions, 27 of which are credit unions.

California Kroger Subsidiary Says No To Visa

PYMNTS

The move will affect six San Francisco Bay area stores, four stores in the Sacramento Valley, and seven stores serving the Central Valley, from Bakersfield to Fresno. Foods Co, a subsidiary of grocery giant Kroger , has announced that 21 of its grocery stores and five of its gas stations in Central and Northern California are officially through with Visa branded credit cards as a form of payment, effective August 14, 2018.

Pizza Hut Turns To Beer And Sports To Draw In Younger Customers

PYMNTS

The new rollout was to include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California. To attract younger diners, Pizza Hut has a new strategy: The quick-service restaurant (QSR) chain has partnered with the NCAA to seek an audience of 21-year-olds, and has also brought beer delivery into its lineup. The idea is to reach consumers in segments such as Gen Z, Bloomberg reported.

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An Unattended Way To Keep Business Running And Employees Healthy

PYMNTS

We place our Byte fridges primarily in businesses around the Bay Area and Sacramento, and also in universities, hospitals, gyms — anywhere people spend time away from home,” Mokri told PYMNTS in a recent interview.

Amazon Loading Whole Foods With Its Own Executives

PYMNTS

For some very select customers — in Austin, Dallas, Sacramento and San Francisco — Whole Foods-shopping Prime members can combine their discounts with free two-hour grocery delivery on orders of $35 or more. Whole Foods Chief Executive John Mackey may still maintain his role following last year’s acquisition by Amazon — but he is far from independent, reporting to executives from his new parent company.

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AmazonFresh Continues To Expand

PYMNTS

These new cities will join the AmazonFresh family cities/regions of Northern Virginia, Boston, Baltimore, London, Seattle, New York, Philadelphia, Stamford, Trenton, Los Angeles, Riverside, San Diego, San Francisco, Sacramento, San Jose and Stockton. Amazon announced yesterday (Oct. 26) that its grocery delivery platform, AmazonFresh, is continuing its march toward national domination with the addition of two new cities : Chicago and Dallas.

Nordstrom Partners With Anthropologie To Offer Home Collection

PYMNTS

The Nordstrom stores that will feature Anthropologie Home include Arden Fair (Sacramento, Calif.); Nordstrom has announced a partnership with Anthropologie that will feature more than 200 items from Anthropologie Home at 15 Nordstrom locations, as well as online. The new Anthropologie Home collection will be available starting March 19. Products will include everything from kitchen, dining and entertaining to bed and bath textiles, room décor, stationery and hardware.

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Credit Card E-Filing Fees Capped In California

PYMNTS

The coalition was led by Sacramento lobbyist Mike Belote who negotiated with the Judicial Council and Assemblyman Mike Gatto to carry the bill. The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept.

Today In Data: Unattended Retail, Cross-Border Exposure And Russian Indictments

PYMNTS

Today in PYMNTS data, the business-to-business (B2B) payments market is growing in valuation, self-service vending machines are easing customer complaints at the Sacramento Department of Motor Vehicles (DMV), business exposure to cross-border suppliers and service providers is on the rise, Russian nationals are under indictment for their role in the 2016 U.S.

Consumers Turn To Package Lockers To Combat Porch Pirates

PYMNTS

have experienced package theft in the last year, companies like Sacramento, California-based package delivery locker system Luxer One are setting up package delivery systems to prevent porch pirates, CNBC reported Monday (Dec. With home security firm Ring reporting that nearly one in five homeowners in the U.S.

NEW REPORT: California Takes An Unattended Twist on Vehicle Registration

PYMNTS

The next stop on the road to technological evolution in the transportation industry may just be unattended. Across the industry, from carmakers and road regulators to bike share programs, companies are looking to unattended retail tech to improve efficiency and unlock new revenue opportunities.

Retail Pulse: Mattress Firm Mulls Bankruptcy; Walmart Plans Robotic Grocery Pickup

PYMNTS

Amazon and Whole Foods Market announced the launch of curbside grocery pickup in Sacramento and Virginia Beach. Brick-and-mortar retailers have sought to reduce their retail footprint in hard times, and Mattress Firm, Inc. is no exception. The brand could close between 600 to 1,000 of its 3,000 locations this year, according to some predictions – and is reportedly considering bankruptcy, people familiar with the matter have told Reuters.

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California Judge Rules Backpage.com Execs Can Be Charged With Money Laundering

PYMNTS

Sacramento County Superior Court Judge Larry Brown also dismissed 15 pimping conspiracy and other charges, ruling that they cannot be filed because of a federal law protecting free speech that grants immunity to websites that post content created by others. A judge has ruled that money laundering charges can be brought against the creators of a website that California prosecutors label an online brothel.

Morning Scan: JPM, RBS Probed Over Mortgage Security Sales; Simple Tees Up IPO

BankThink

JPMorgan is being probed on a different deal, earlier investigated by the Justice Department's Sacramento, Calif., Wall Street Journal. Prosecutors are pursuing criminal cases against JPMorgan Chase and Royal Bank of Scotland executives for allegedly selling flawed mortgage securities, unnamed sources said. Authorities are looking at a $2.2 billion deal that RBS handled, in which home mortgages were securitized. RBS has already reached a civil settlement with the SEC on the case.

Two CUs Buy Air Time During Super Bowl

Keith Leggett's Credit Union Watch

billion The Golden 1 CU, Sacramento, Calif., Credit Union Journal is reporting that two large credit unions are spending big to attract attention during the Super Bowl. BECU, a $13 billion institution in the Seattle suburb of Tukwila, Wash., and $8.8 will run television commercials during Sunday''s Super Bowl. Both credit unions will have 30-second commercials air during local breaks.

Large State Chartered CU CEOs 2015 Compensation Tops $1 Million

Keith Leggett's Credit Union Watch

The highest paid CEO was James Jordan of Schools Financial Credit Union (Sacramento, CA) at $5.7 Chief executive officers at state chartered credit unions with at least $1 billion in assets reported an average total compensation of $1.021 million for 2015.

Op-Ed Questions CU Tax Exemption after Golden 1 Pays $120 Million for Naming Rights to Arena

Keith Leggett's Credit Union Watch

Seizing on the news that Golden 1 Credit Union has purchased the naming rights to a new sports arena in Sacramento, California Bankers Association President and CEO Rodney Brown penned an op-ed -- published Wednesday in The Sacramento Bee -- challenging the credit union industry’s outdated tax exemption.

An Unattended Solution To The DMV’s Friction-Filled Reputation

PYMNTS

According to Jessica Gonzalez, deputy director of public affairs at the Sacramento DMV, the technology proved to be popular with residents and the state quickly broadened access to the terminals.

Cardtronics Reports Q2 Growth Following End Of U.S. 7-Eleven Relationship

PYMNTS

West noted Cardtronics has several new ATM relationships , including Bank of the West, which will brand 140 ATMs at Walgreens stores in Denver and Sacramento, starting in September. Cardtronics, the world’s largest owner of ATMs, reported strong signs of organic growth as the launch of several new agreements with U.S. and overseas banks followed the end of its long-standing relationship with 7-Eleven. The company said same-store withdrawal transactions in the U.S.

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Cities Partner With Apps To Create Their Own Ridesharing Services

PYMNTS

As Via rolls the service out in Arlington — and also in West Sacramento, California, in the spring — they might be part of a larger trend, as local governments seek to replace or augment their transportation efforts with their own rideshare services. Many cities have bus systems, but they’re not always well-utilized by the majority of residents.

Reefer Rates Respond to New Regulations and Pre-Holiday Urgency

Bobs Guide

California lane rates had some dramatic increases: Sacramento to Portland, OR, soared 91¢ to $3.78/mile. Last week was a short week, as most carriers needed to get drivers home in time for the Christmas weekend.

Marketplace Lending And Curbside Delivery Sizzle, Ridesharing Fizzles

PYMNTS

Curbside delivery is coming to the grocery chain, starting with two test runs — one in Virginia Beach one in Sacramento. The biggest story this week in grocery came, as it often does, care of the new Whole Foods Market as operated by Amazon. As a benefit for Prime members, customers who order their groceries online from Whole Foods will be able to pick them up curbside within 30 minutes.

Can banks have an impact on alleviating the egg shortage?

Sageworks

The bank’s 23 branches serve Sacramento and south of the capital city, where almonds and grapes are two key cash crops. If you’re craving an omelet the next time you sit down at your favorite restaurant, you may need to reconsider your order.

Credit unions continue to see growth in auto lending

Sageworks

The Golden 1 Credit Union - Sacramento, CA 7. For more than 30 years, the number one vehicle in America by sales is the Ford F-series line of trucks. More than three-quarters of a million were sold in 2014, continuing its reign as the top vehicle since 1981.

Which are America's healthiest credit unions?

Sageworks

For many people, trusting another party with their hard-earned money can be an anxiety-inducing experience. Whether it is securing funds in a checking or savings account, or investing in a retirement fund, many Americans need a sense of security that comes with an outstanding experience from their financial institution. Credit unions often prioritize providing that security blanket through a positive banking relationship.

The Evolution Of The Amazon Prime Ecosystem

PYMNTS

It is experimenting with curbside pickup in two markets: Sacramento and Virginia Beach. The world was a very different place in February 2005 when Amazon first introduced its loyalty program: Prime. There was no such thing as an iPhone; that was two years away.

Weird Commerce: All You Can Arcade

PYMNTS

While based in San Francisco, the business’ radius goes as far south as Salinas, as far north as Santa Rosa, as far east as Sacramento and as far west as the water. Remember the first arcade game you ever played? Perhaps it was “Pac-Man,” “Frogger” or “Space Invaders.”

A Bank Analyst Makes Recommendations. I Make a List.

Jeff For Banks

Southfield, MI FSDK - First Citizens National Bank of Upper Sandusky, Upper Sandusky, OH BOCH - Bank of Commerce Holding, Sacramento, CA Who else should be on the list? What should you look for in a bank stock? How should I know? I'm not a financial advisor.

Fraud Detection: Specialized vs. Generic Fraud Analytics

FICO

Consider this example: A 42-year-old woman from Sacramento, CA, is a frequent domestic traveler. This is the third in my series on five keys to using AI and machine learning in fraud detection. As in many professional fields (medicine, law, construction, etc.),

Golden 1 CU Settles Improper Overdraft Fee Class Action Lawsuit

Keith Leggett's Credit Union Watch

Golden 1 Credit Union (Sacramento, CA) has agreed to settle a class action lawsuit that it improperly imposed overdraft fees even when members had enough money in their checking account to cover the transaction. The time period covered by the settlement is between April 2, 2009 and April 30, 2015. Plaintiff Isabel Manwaring filed the overdraft fee class action lawsuit, alleging she was improperly charged the courtesy pay overdraft fees.

CFPB Holds Hearing to Present Proposals for Debt Collection Regulation

CFPB Monitor

July 28th, the CFPB held a field hearing in Sacramento, California on debt collection that coincided with its release of an outline of the proposals it is considering in connection with its debt collection rulemaking. Taylor Jackson.