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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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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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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Amazon Toured Sites In Washington, DC, Area Last Week

PYMNTS

Washington, D.C., According to news from The Washington Post , Amazon officials toured locations in Washington, D.C., The report noted there are nine or more sites in the D.C. Meanwhile, D.C. Bowser (D) dined with Amazon representatives on Wednesday night, proposing four, fast-growing neighborhoods in Washington, D.C. Amazon e-commerce employment headquarters Merchant Innovation News Retail washington dc What's Hot

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

CFPB Monitor

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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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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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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.

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.

Credit Unions in the D.C. Lion’s Den

New York's State of Mind

I am in D.C. this week and this town feels very strange. In fact, it’s kind of a cross between a jilted lover blindsided by a breakup he didn’t see coming and a Harry Potter novel in which Voldemort succeeded in killing Harry and taking over Hogwarts. You walk onto K Street and still see […]. Advocacy General Political mandate relief

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D.C. Circuit denies motions to intervene in PHH case

CFPB Monitor

The D.C. Barbara S. Mishkin. Circuit panel that issued the PHH decision last October has issued a per curiam order denying the three motions to intervene that were filed in the case last month.

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How will innovation fare in D.C.?

ABA Community Banking

Congressional attitudes as important as new administration’s, say experienced Hill aides Management Financial Trends Technology Fintech. 1Technology

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Divided D.C. Circuit panel denies injunction blocking CFPB CID

CFPB Monitor

The D.C. To satisfy the requirement of showing a likelihood of success on the merits, the company pointed to the D.C. In denying the injunction, the D.C. The D.C. The D.C. ” An administrative proceeding rather than the D.C. The D.C. On March 7, the date of the D.C. Barbara S. Mishkin.

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Navigating DC’s mortgage maze

ABA Community Banking

SNL Report: Fannie and Freddie push reform in home finance, attacking risk, not entrenched politics Management Financial Trends Retail Banking. 1Management

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Enough with D.C.'s Mixed Messaging on Fintech

American Banker

Mixed messaging on fin tech doesn't just emanate from the halls of Congress. It can also be found at the regulatory level as well. marketplace-lending law-regulation disruptors fintech mobile occ cyber-security bank-technology

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Washington, D.C. Publishes Bulletin Reminding Student Loan Servicers of Annual Report

CFPB Monitor

The Washington, D.C. Department of Insurance, Securities, and Banking (DISB) has published a Bulletin reminding those who service student education loans in the District of Columbia of their obligation to file an annual report.