Lawsuit Alleges Low-Income Homeowners Were Manipulated Into Getting PACE Green Energy LoansAs we previously investigated, a green energy program that targets low-income homeowners continues to leave a trail of financial hardships and foreclosures in its wake. KPIX 5'S Susie Steimle got an exclusive interview with the state agency tasked to oversee the troubled program.
KPIX 5 Investigation Reveals Paycheck Protection Program Is Vulnerable To FraudThe national Paycheck Protection Program (PPP) has loaned half a trillion dollars to thousands of small businesses and some bigger ones since the start of the pandemic. There’s still more than $1 billion left to hand out. So what does it take to qualify? It turns out, for some applicants, not much.
Coronavirus Update: Small Lenders Coming Through For Paycheck Protection Program ApplicantsThe U.S. Small Business Administration' Paycheck Protection Program has come under a lot of fire for benefitting the big guys over small businesses. The good news is the tide appears to be turning.
Coronavirus Update: Gov. Newsom Promises Help For Small Businesses, Launches Jobs WebsiteGov. Gavin Newsom on Thursday afternoon tried to offer some reassurance to small-business owners and workers employed by those businesses that the state would be providing financial support during the economic shutdown caused by the COVID-19 shelter-in-place order.
San Jose Lawmakers Weigh High Cost Of Continued Subsidies To High-Rise DevelopersA highly charged housing issue is taking shape at San Jose City Hall Tuesday night. At issue is whether the city should continue to give subsidies to high-rise residential developers.
Wells Fargo Giving $2M Grant To Oakland-Based Small Business LenderWells Fargo will be giving a $2 million grant to Oakland-based small business lender on Monday morning, according to bank officials.
Regulators Say LendingClub Failed To Properly Disclose FeesA federal lawsuit was filed against LendingClub in California.
San Francisco Taxi Medallions At Center Of Financial MeltdownWhile taxi medallions in San Francisco were once seen as a good investment -- literally a license to make money for cab drivers -- the popularity of ride-sharing apps has led to a looming financial meltdown for the city's struggling taxi industry.
San Francisco Taxi Medallions At Center Of Financial MeltdownWhile taxi medallions in San Francisco were once seen as a good investment -- literally a license to make money for cab drivers -- the popularity of ride-sharing apps has led to a looming financial meltdown for the city's struggling taxi industry.
Nearly One Third Of Parents Paying Back Student LoansA recent survey finds a large percentage of parents are paying back student loans—either their own loans, or those of their children.
Predatory, High-Interest Lending Booms In CaliforniaPredatory, high-APR lending in California is booming. A state report found that most loans issued by non-bank financial companies between $2,500 and $5,000 had annual percentage rates of 100 percent or higher.
LendingClub Shares Plunge As Feds Open Probe Over Funding ConcernsShares of LendingClub are plunging after the U.S. Dept. of Justice opened an investigation and the company raised fresh concerns about funding.
Feds Offer Help To Crab Fishermen Affected By Long-Delayed SeasonHelp has arrived for local fishermen and other people, devastated by the long delay in the Dungeness crab season.
Mobile Banking Here To Stay As More Americans Get Comfortable Banking On The GoAn annual Federal Reserve survey found that in 2014, 39-percent of adults with mobile phones used their devices for banking, compared to 33-percent in 2013.