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What payments can expect from Washington this year

Payments Dive

From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.

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Proposed Laws Could Make Washington Leader In AI Regulation

PYMNTS

With an array of bills brought forward by lawmakers during this legislative session, Washington state could become a leader in artificial intelligence regulation. Washington Sen. The bills taken together are said to show the mounting anxiety of legislators and citizens on how AI will impact normal lives. .

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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. Washington is the first state to pass legislation to allow facial recognition, but with constraints.

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Credit union to buy second bank, expand in Washington state

American Banker

Sound Credit Union said it would acquire Washington Business Bank in a cash deal slated to close in the fourth quarter.

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Washington state “predatory loan” bills propose expanded coverage, “anti-evasion” language, licensing revisions, and other amendments to Consumer Loan Act

CFPB Monitor

1874), denominated the “predatory loan prevention act”, was pre-filed for introduction in the Washington state legislature December 5, 2023, and referred to the House Committee on Consumer Protection and Business on January 8, 2024. House Bill 1874 (H.B.

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Proposed Bills Could Make Washington An AI Reg Leader

PYMNTS

With an array of bills brought forward by lawmakers during this legislative session, Washington state could become a leader in artificial intelligence regulation. Washington Sen. The bills taken together are said to show the mounting anxiety of legislators and citizens on how AI will impact normal lives. .

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New CSBS chief warns Washington against sidelining state agencies

American Banker

Brandon Milhorn, the new CEO of the Conference of State Banking Supervisors, used the platform offered by his first major speech to sound an alarm against one-size-fits-all solutions emanating from Washington. The pendulum has swung too far in the direction of federal regulatory uniformity," Milhorn argued.