4 takeaways from Michael Barr’s DC Fintech Week speech
Payments Dive
OCTOBER 13, 2022
The Federal Reserve’s vice chair for supervision stressed caution for banks’ ties to crypto and spotlighted how stablecoins differ from other digital assets
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DC Bar: Lawyers Allowed To Take Digital Currency As Payment
PYMNTS
JULY 1, 2020
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.
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Podcast: A classic love story gets its start in a D.C. bank branch
ABA Community Banking
FEBRUARY 13, 2023
The post Podcast: A classic love story gets its start in a D.C. For Valentine's Day, the ABA Banking Journal Podcast brings you a classic bank-meets-girl-meets-boy love story. bank branch appeared first on ABA Banking Journal.
DoorDash Ordered To Cut DashPass Commissions By DC Attorney General
PYMNTS
DECEMBER 9, 2020
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.
Zuckerberg Visits DC To Talk Tech Laws With Senators
PYMNTS
SEPTEMBER 19, 2019
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.
Amazon Toured Sites In Washington, DC, Area Last Week
PYMNTS
MARCH 7, 2018
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
Facebook Negotiates Sandberg DC Hearing Testimony
PYMNTS
SEPTEMBER 26, 2019
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.
Bill to regulate use of algorithms under consideration by D.C. Council
CFPB Monitor
OCTOBER 12, 2022
The term “important life opportunities” is defined as “access to, approval for, or offer of credit, education, employment, housing, a place of public accommodation [as defined by D.C. The Bill provides for enforcement by the D.C. The Blueprint has been praised by D.C.
Solar-Powered eScooters Coming To DC
PYMNTS
MAY 24, 2019
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.
DC AG Is Suing DoorDash Over Tipping
PYMNTS
NOVEMBER 19, 2019
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.
EagleBank (DC Metro Area) Boosts 9-Month CD To Competitive Level
BankDeals
MAY 26, 2022
EagleBank (Washington, D.C. metro area) recently boosted the rate on its 9-11 month CD. Minimum opening deposit is $1k and must be opened in-branch
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D.C. Circuit rules CFPB prepaid card rule does not mandate use of “model clause”
CFPB Monitor
FEBRUARY 16, 2023
Court of Appeals for the D.C. The U. Circuit held that the CFPB’s prepaid card rule (Prepaid Rule) does not mandate a “model clause.”
Andreessen Horowitz Fights Back Against DC’s Crypto Curbs
PYMNTS
SEPTEMBER 2, 2019
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.
Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart
PYMNTS
AUGUST 28, 2020
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.
DC Attorney General Sues Facebook Over Data Collection
PYMNTS
DECEMBER 19, 2018
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.
Facebook Shares Fall 7.3 Pct Post-DC Lawsuit
PYMNTS
DECEMBER 19, 2018
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.
After chaos in D.C., fintechs find a path to normalcy
Payments Source
JANUARY 7, 2021
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.
D.C. emergency and temporary legislation limiting collection activities to take effect September 23, 2021
CFPB Monitor
SEPTEMBER 7, 2021
During D.C.’s Since a permanent version of these bills, B24-0357, remains in the Council, the bills signed by the Mayor on September 1 only temporarily amend various provisions of D.C. 28-3814, D.C.’s In the District, during a public emergency, the Mayor and the D.C.
D.C. power shift complicates Fed decision on capital rule
American Banker
MARCH 4, 2021
The industry wants regulators to extend a temporary measure making it easier to satisfy the supplementary leverage ratio. But Democrats’ control of the White House and Congress has given a bigger platform to those who say banks have had enough relief.
Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone
PYMNTS
MARCH 22, 2019
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.
Affordable housing becomes flashpoint in D.C. spending showdown
American Banker
OCTOBER 13, 2021
Affordable housing Politics and policy
USDA?s SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon
PYMNTS
MAY 28, 2020
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.
Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold
CFPB Monitor
OCTOBER 3, 2022
In April 2020, the CFPB issued a final HMDA rule increasing the Home Mortgage Disclosure Act (HMDA) reporting threshold for closed-end mortgage loans from 25 covered loans originated in each of the prior two years to 100 covered loans originated in each of the prior two years.
Walmart Pay Launches In 16 States, DC
PYMNTS
JUNE 23, 2016
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.
High-cost lender reaches $2 million settlement with D.C. authorities
American Banker
DECEMBER 1, 2021
Consumer lending Litigation Regulation and compliance
Two small banks seek bigger stages with Nashville, D.C. deals
American Banker
JULY 15, 2021
Community banking M&A Growth strategies
Banking groups suspend political donations after D.C. riot
American Banker
JANUARY 11, 2021
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.
Subprime consumer lender Elevate settles with D.C. authorities
American Banker
FEBRUARY 8, 2022
Consumer lending Interest rates
NAC visits DC lawmakers in effort to keep cash alive
ATM Marketplace
AUGUST 8, 2019
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
Zuckerberg To Visit DC To Discuss Internet Regulations
PYMNTS
SEPTEMBER 18, 2019
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.
Smart Card Alliance opens Washington, DC-area training center
Payments Dive
FEBRUARY 23, 2016
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
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Former FDIC regulator lands at Cravath to set up D.C. operations
American Banker
JUNE 6, 2022
FDIC Jelena McWilliams
Sign of fintechs' evolution: Two new D.C. trade groups
American Banker
MARCH 17, 2021
The American Fintech Council and the Financial Technology Association say they’ll promote responsible innovation, fair access to financial services and more. Their dozens of members include some of the biggest names in fintech. ]]. Digital banking Fintech Consumer banking
D.C. Department of Insurance, Securities and Banking issues bulletin on money transmission
CFPB Monitor
AUGUST 25, 2022
In Harmon , the court noted that the D.C. Money Transmitters Act of 2000 (“MTA”), D.C. On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”).
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