DC Bar: Lawyers Allowed To Take Digital Currency As Payment

PYMNTS

Washington D.C. Cryptocurrency attorneys cryptocurrency District of Columbia Bar lawyers legal fees News washington D.C. lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar. Crypto payments will be valid so long as the fee agreement is “fair and reasonable” and the lawyer can safeguard the virtual property, the opinion states, so as to acknowledge the sometimes turbulent nature of cryptocurrencies.

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DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time. The attorney general of the District of Columbia, Karl Racine, has written a letter ordering DoorDash Inc.

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Zuckerberg Visits DC To Talk Tech Laws With Senators  

PYMNTS

Facebook CEO Mark Zuckerberg had dinner with several senators in Washington D.C. Facebook Big Tech Capitol Hill laws News privacy regulations Senators washington D.C. during a rare visit to Capitol Hill that comes on the heels of rising scrutiny over the company’s business practices, CNBC reported on Thursday (Sept. A spokeswoman for Sen. Mark Warner (D-Va.) said on Wednesday (Sept.

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After chaos in D.C., fintechs find a path to normalcy

Payments Source

History will remember Wednesday for the anti-democracy domestic terrorism that resulted in death, injuries and damage inside the U.S. Capitol — but did not thwart the process of confirming the presidential election.

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Amazon Opens Bookstore In DC

PYMNTS

Betting that its popularity with shoppers online will translate into brick-and-mortar customers in Washington, D.C., The opening is the eCommerce retailer’s first bookstore in the Washington, D.C., Amazon opens an Amazon Books location in the nation’s capital. The store occupies a space that formally housed a Barnes & Noble store in Georgetown, The Washington Post reported.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

The news comes as Mark Zuckerberg , Facebook’s chief executive officer, concluded three days of discussions this month with movers and shakers in Washington, D.C. With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October.

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DC AG Is Suing DoorDash Over Tipping

PYMNTS

Washington, D.C. Attorney General Karl Racine is suing popular delivery company DoorDash, saying the company didn’t adequately distribute tips nor did it retroactively pay back those tips when its practices were changed, according to a report by TechCrunch. . The investigation into the tipping practices of DoorDash was started in March of this year.

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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart

PYMNTS

In today’s news, Facebook called out Apple on its fee structure and transparency, and D.C.’s DC AG Sues Instacart Over Fees Customers Thought Were Tips. s attorney general is suing Instacart for pocketing tips meant for drivers.

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Banking groups suspend political donations after D.C. riot

American Banker

Following similar decisions by big banks, the Consumer Bankers Association and Mortgage Bankers Association said they will halt all political contributions to elected officials as some lawmakers face harsh criticism for comments that incited the storming of the U.S. Capitol.

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PayPal parts ways with site that helped send people to D.C.

Payments Source

PayPal Holdings Inc. and GiveSendGo have parted ways after the Christian crowdfunding site helped raise funds for people who attended last week’s violent event in Washington. Compliance PayPal

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Solar-Powered eScooters Coming To DC

PYMNTS

Spin and Swiftmile are launching a pilot program in Washington, D.C. Benjamin Fong, Spin’s director of business development, revealed that 40 solar-powered docking stations, built by Swiftmile, will be placed in Washington, D.C. The stations are currently only compatible with scooters from Spin, which has around 650 scooters in Washington, D.C. cities (and campuses), including Washington, D.C., and Ann Arbor, MI, to test out an eScooter program.

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NAC visits DC lawmakers in effort to keep cash alive

ATM Marketplace

The National ATM Council has wrapped up its third annual Washington D.C. fly in. The two-day lobbying event included nearly 60 meetings with lawmakers and their staff

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Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone

PYMNTS

Custom eCommerce framing startup Framebridge is opening its own in Washington, D.C., The D.C. Online brands are stepping into the world of brick-and-mortar, opening their own physical locations to help consumers experience their concepts in real life with the help of digital technology. and Bethesda, Maryland, that will work to mirror the company’s online experience.

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Andreessen Horowitz Fights Back Against DC’s Crypto Curbs

PYMNTS

Venture capital firm Andreessen Horowitz is attempting to fight back against Washington’s tougher stance on cryptocurrencies. As the firm aims to boost its crypto investments, it hosted officials from the Treasury Department, as well as a number of Washington’s regulatory agencies, at a full-day, private conference in San Francisco in late May, according to The Wall Street Journal.

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DC Attorney General Sues Facebook Over Data Collection

PYMNTS

Prosecutors in Washington, DC, are suing Facebook over stolen user data related to the Cambridge Analytica scandal, according to reports. The DC attorney general’s (AG) office announced the lawsuit on Wednesday (Dec. The maximum penalty is $5,000 per violation, and prosecutors said 852 people in Washington, DC, downloaded the app.

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Walmart Pay Launches In 16 States, DC

PYMNTS

As of today, Walmart Pay is available in: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, D.C. “We The retail giant’s payment method is finally here.

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Ripple seeks shelter in D.C. from Libra’s political storm

Payments Source

Ripple isn't a part of Facebook's Libra. It's more likely to be a rival, and it must be careful to make sure that lawmakers see the distinction. Compliance Cryptocurrencies Blockchain Ripple

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Facebook Shares Fall 7.3 Pct Post-DC Lawsuit

PYMNTS

As for the lawsuit, Facebook could potentially be facing a maximum penalty of $5,000 per alleged violation, and prosecutors said 852 people in Washington, D.C. With the news of a lawsuit against Facebook (FB) by prosecutors in the District of Columbia, the social media company’s shares slid significantly on Wednesday (Dec. 19), according to Bloomberg. The shares dropped by about 7.3 percent, which put Facebook on track with its historic one-day 19 percent drop earlier this year.

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USDA?s SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon

PYMNTS

That list brings the total number of states where these benefits are available up to 25 along with Washington DC, with more states to come soon, the company said. Amazon customers can now use Supplemental Nutrient Assistance Program ( SNAP ) benefits in more states, according to a statement from the eCommerce giant.

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Smart Card Alliance opens Washington, DC-area training center

Mobile Payments Today

The National Center for Advanced Payments and Identity Security in Crystal City, Virginia, will be a permanent facility for live educational activities hosted by SCA

D.C. needs to keep up with the payments tech wave

Payments Source

The question for lawmakers is how to work together to make sure as many people as possible are able to take advantage of the opportunities provided by innovation, writes Brian Tate, president and CEO of the Innovative Payments Association. ISO and agent Regulatory actions and programs Digital payments Mobile payments

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Zuckerberg To Visit DC To Discuss Internet Regulations

PYMNTS

Facebook CEO Mark Zuckerberg is set to testify on Capitol Hill once again. Zuckerberg is scheduled “to meet with policymakers and talk about future internet regulation” on Thursday (Sept. A spokesperson for Sen. Maria Cantwell of Washington confirmed she met with Zuckerberg on Wednesday evening, according to CNBC.

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Citigroup, JPMorgan pause political donations in wake of D.C. riots

American Banker

The actions follow earlier announcements from Marriott International, Blue Cross Blue Shield and Commerce Bancshares, which said they are suspending financial support for all lawmakers who voted against certifying Joe Biden's election as president. Politics JPMorgan Chase Citigroup

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CECL stirs D.C. concerns

ABA Community Banking

Regulators concerned about banks hiring third-party vendors to handle it Management Lines of Business Risk Management Credit Risk. 1Risk Management

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D.C. impacts credit picture

ABA Community Banking

Political gridlock weighing on U.S. bank loan growth Management Financial Trends Risk Management Credit Risk. 1Risk Management

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When rioters attacked the Capitol, these payment companies were quick to respond

Payments Source

Compliance Network rules Washington DC Payment processingSome companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan.

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Manasquan Bank's Reward Checking Account Offered In 16 States And DC

BankDeals

Manasquan Bank's high-yield reward checking account, Infinity Cash, and the companion savings account, Infinity Saver, are available in 16 east coast states and DC

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D.C. banker poised to lead nation's biggest Black-run bank after merger

American Banker

Brian Argrett, whose City First Bank is being sold to Los Angeles-based Broadway Financial, would take the helm of the combined company at a time of increased national interest in reinvigorating minority-owned financial institutions. MWBEs Unbanked Community banking Small business lending

Three Things To Know Before You Head To DC

New York's State of Mind

Washington DC is the adult version of Disney Land. There are those of us who love the place and return year after year; there are those of you who visit the place, can’t stand it and vow never to return again and finally there are those of you who go simply out of a sense […]. Regulatory Advocacy Legal Watch Political New York State CFPB Kathy Kraninger Congressional Delegation Ocasio-Cortez car dealerships New Jerseuy

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Community group files lawsuit in D.C. federal district court to restore CFPB payday loan rule ability-to-repay provisions

CFPB Monitor

The National Association for Latino Community Asset Builders, represented by Public Citizen and the Center for Responsible Lending, filed a lawsuit against the CFPB in D.C. As a result, the CFPB could move to stay the D.C.

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National Capital Bank in D.C. Appoints New Chief

American Banker

breaking_news people recruitment dc community-bankingNational Capital Bank of Washington has a named Richard Anderson its new president and chief executive.

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PayPal exit from Facebook project shows power of D.C.’s disapproval

Payments Source

The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle. Libra AML pso cardline lead 1 Sherrod Brown Jerome Powell Facebook PayPal Visa Mastercard House Financial Services Committee Senate Banking Committee

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Washington, D.C. Releases Annual Report Forms and Filing Deadlines

CFPB Monitor

As recently reported , the Washington, D.C. Department of Insurance, Securities, and Banking (DISB) published a Bulletin in late April reminding those who service student education loans in the District of Columbia of their obligation to file an annual report. The DISB has now released the required forms for both the 2018 and 2019 filings.

Seven states and D.C. file lawsuit challenging FDIC “Madden fix” rule

CFPB Monitor

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Washington D.C. publishes final student loan servicing regulations

CFPB Monitor

The final rules became effective when published in the D.C. The District of Columbia Department of Insurance, Securities, and Banking (DISB) published its final rules under the Student Loan Ombudsman Establishment and Servicing Regulation Amendment Act of 2016. Register on August 10, 2018. The rules are unchanged from the latest revisions.