June 30, 2025

california

Loans

Californians are late paying 18% of their student loans – The Mercury News

Despite the financial stress of Golden State life, Californians are relatively good at paying bills compared with the rest of the nation. Take student loans. In the first quarter of 2025, 18% of California student loans were late. That may seem like a stunningly high rate of skipped payments, but it’s the 10th lowest delinquency

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Loans

Californians are late paying 18% of their student loans – Orange County Register

Despite the financial stress of Golden State life, Californians are relatively good at paying bills compared with the rest of the nation. Take student loans. In the first quarter of 2025, 18% of California student loans were late. That may seem like a stunningly high rate of skipped payments, but it’s the 10th lowest delinquency

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Loans

California bill calls for program to insure multifamily development loans

With California short of nearly half a million affordable homes and a slew of projects stalled amid adverse market conditions, Sen. Dave Cortese has proposed a bill that would allow the state to use its credit to insure construction and permanent loans for multifamily housing, giving developers access to more favorable interest terms and letting

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Funds

Ex-San Diego surrogacy consultant sentenced for stealing client funds – San Diego Union-Tribune

The former owner of a trio of San Diego businesses that provided surrogacy consulting services to prospective parents was sentenced Friday to two years in prison for stealing money from her clients. Lillian Arielle Markowitz, 40, who owned My Donor Cycle, Surrogacy Beyond Borders and Expecting Surrogacy, pleaded guilty to taking hundreds of thousands of

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Funds

California sues Trump over electric vehicle charging funds

California is joining 16 other states in a federal lawsuit to force the Trump administration to release billions of dollars in funds for electric vehicle chargers approved by former President Joe Biden’s hallmark infrastructure law. “Alongside 16 attorneys general, I’m suing the Federal Highway Administration for their efforts to thwart Congress’s $5 billion program to

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Investors

California attorney sentenced to prison for scamming investors out of $8.7 million to finance lavish lifestyle

A Newport Beach attorney who admitted that she swindled investors out of $8.7 million in order to bankroll her lavish lifestyle and high-rolling gambling habit was sentenced Monday, May 5 to one year and nine months in federal prison. A luxuriant lifestyle of high-end jewelry, luxury cars, a six-month stay at a opulent Las Vegas

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Funds

Bay Area governments join lawsuit against Trump’s homeless fund conditions

Santa Clara County and San Francisco, along with seven other local governments, are asking a federal judge to block the U.S. Department of Housing and Urban Development from placing “unlawful” conditions on federal funds — stipulations that could put millions of dollars to address homelessness at risk. The lawsuit, which is being led by King

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Finance

Oakland finance director resigns; mayor delays release of budget

OAKLAND — Oakland’s interim mayor is delaying the release of a deeply consequential, two-year budget proposal that had been expected to detail how the city would balance a looming $265 million budget shortfall. The move by Interim Mayor Kevin Jenkins comes just two weeks after Oakland’s top finance official quietly resigned from the job she’s

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Funds

Caltrain employee guilty of using public funds to build secret apartment in train station – The Mercury News

REDWOOD CITY – A jury on Wednesday found a former Caltrain deputy director guilty of embezzling public funds to build a personal “crash pad” in a historic Burlingame train station, declining the defense’s argument that his supervisor had given him permission to put the funds toward renovating the apartment and residing there while working 80-hour

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Investment

Second Homeboy Industries investment in Pasadena to open – Daily News

Homeboy Industries, the world’s largest gang intervention, rehabilitation and re-entry program, will celebrate the grand opening of Homeboy Puppy Fades dog grooming salon at 10:30 a.m. Monday, April 21, at the new business, 446 S. Fair Oaks Ave., Pasadena. The Rev. Greg Boyle, founder of Homeboy Industries, will be on hand, together with Victor M.

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