Virginia-based bank provides Bitcoin access at ATMs

Mobile Payments Today

Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency.

Virginia Man Pleads Guilty To $2.5 Million PPP Swindle

PYMNTS

A Leesburg, Virginia, man pleaded guilty to a federal bank fraud charge that he stole $2.5 District Attorney’s Office for the Eastern District of Virginia stated in the release. attorney for the Eastern District of Virginia, in the release.

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Amazon To Hire 1,900 Workers For Northern Virginia HQ2

PYMNTS

Amazon is hiring 1,900 technical and non-technical workers for its HQ2 in Arlington, Virginia’s Pentagon City area just across the Potomac River from Washington, D.C.,

NAFCU lobbyist taking reins of Virginia Credit Union League

American Banker

Virginia Credit unions Hiring Women in Banking

West Virginia University On Transitioning New Student Onboarding To An Online Future

PYMNTS

Digital Onboarding Coronavirus Digital Consumer Onboarding Tracker Education Generation Z Identity Verificiation Melissa News schools West Virginia UniversityUniversities across the U.S. got off to a shaky start as students began arriving for the beginning of the fall semester.

CEOs of Virginia, Missouri credit unions to retire

American Banker

C-suite Virginia Credit unions Succession planning Hiring Missouri

Virginia On The Cutting Edge Of US Data Protection Policies

PYMNTS

Legislators in Virginia are supporting laws that would regulate digital consumer privacy protection in the state, the Associated Press (AP) reported on Friday (Feb. David Marsden (D-Fairfax) and was passed by the Virginia House 89-9 on Thursday (Feb.

1st Advantage FCU in Virginia set for merger growth

American Banker

Virginia Credit unions M&A Growth strategiesRiverside Health System Employees Credit Union has announced plans to merge into the Yorktown-based credit union, which is roughly 100 times its size.

Virginia creates new protections for active service members, veterans, and their family members

CFPB Monitor

On July 1, Virginia Governor Northam signed Senate Bill 1410 which amended several Virginia anti-discrimination statutes to prohibit discrimination based on “military status.” Military Issues service member veteran virginia

Bank in West Virginia is closed by regulators

American Banker

FDIC West Virginia Failures CoronavirusFirst State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

W Virginia Withholds Payment To Tax Delinquent Vendors

PYMNTS

The West Virginia State Auditor’ s office has announced a new tax program aimed at vendors who owe the state money. The vendor will not be able to resume business in West Virginia until it has corrected its delinquency. B2B Payments auditor B2B delinquent intercept News payment tax taxes vendors West Virginia What's Hot In B2BThe program will prevent vendors who owe the state money from being payed.

Virginia banks announce plans to merge

American Banker

Virginia National and Fauquier Bankshares are planning to create a $1.6 Virginia Community banking M&A Growth strategiesbillion-asset company focused on the middle part of the state.

Virginia Enacts Law Requiring Licensure of Student Loan Servicers

CFPB Monitor

One Wednesday, Virginia enacted a law that requires student loan servicers to be licensed. While Virginia opened its “Office of the Qualified Education Loan Ombudsman” in 2019, efforts to require licensure of student loan servicers had previously failed.

Virginia company tricked immigrants into paying illegal fees, CFPB says

American Banker

Commonwealth of Massachusetts Commonwealth of Virginia Enforcement New York Attorney General CFPBLibre by Nexus deceived detainees into believing they owed a monthly charge related to their proceedings before U.S.

Chipotle Subpoenaed In Virginia Norovirus Outbreak

PYMNTS

The latest blow to the burrito chain has been a supoena sent to its corporate offices following the recent norovirus outbreak in one of its Virginia locations. Retail California chipotle contamination federal investigation food safety food-borne illness Health News norovirus QSR quick-service restaurant Restaurants Safety subpoena VirginiaThe ast few years have not been kind to the Chipotle Mexican Grill restaurant chain.

WorldRemit Launches Its Service In Virginia

PYMNTS

23) it has launched its services in Virginia. WorldRemit provides a secure way for Virginia residents to send money to their loved ones around the world. Residents of Virginia now have the power to share money with friends and relatives abroad, 24/7,” commented Brion Nazzaro, director at WorldRemit, in the press release. WorldRemit said residents of Virginia can send money via instant bank transfer, mobile money transfer, cash pickup and mobile airtime top-up.

Southern National in Virginia hires Dennis Zember as its next leader

American Banker

Virginia Community banking Succession planning RecruitingZember abruptly resigned as CEO of Ameris Bancorp last summer.

Activist investor pressures Virginia bank to sell

American Banker

Community banking M&A Activist Investors VirginiaDriver Management wants shareholders of Community Bankers Trust to push the Richmond company to find a buyer.

Pinnacle Bankshares in southern Virginia to buy rival lender

American Banker

The company will pay $29 million for Virginia Bank Bankshares. Community banking M&A Capital Growth strategies Virginia

West Virginia bank is first to fail since onset of coronavirus

American Banker

FDIC West Virginia Failures CoronavirusFirst State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

Blue Ridge Bankshares, Bay Banks of Virginia to merge

American Banker

The proposed combination would create a bank with $3 billion in assets in central Virginia. Virginia Community banking M&A Growth strategies

West Virginia bank buys fraud prevention firm

American Banker

West Virginia Fintech Fraud detection Community banking M&AMVB Financial plans to use Paladin Group to advise its bank and a number of its fintech clients.

Virginia community bank cuts 12% of its staff

American Banker

Layoffs Virginia Revenue and expenses CoronavirusNew Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry.".

Village Bank in Virginia selects insider as next CEO

American Banker

Virginia Growth strategies Succession planning Community banksJay Hendricks, the company's chief operating officer, will succeed William Foster in August.

Organizers apply to form bank in eastern Virginia

American Banker

Capital Virginia Community banking De novo institutionsIntegrity Bank for Business is being pursued by a group with ties to Heritage Bankshares, which was sold in 2016.

Virginia House of Delegates passes bill to establish 36% rate cap for “short-term” and other loans

CFPB Monitor

On January 31, 2020, by a vote of 65 to 33 , the Virginia House of Delegates passed a bill that would establish a 36% rate cap on certain consumer loans. Since Democrats also hold a majority in the Virginia Senate, the Senate is expected to also pass the bill.

Virginia Sues Online Lender Over Consumer Loans

PYMNTS

Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state alleges that NetCredit lent more than $47 million in illegal high-interest loans, The Daily Press reported. According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012. The suit also alleges that NetCredit ran afoul of the state’s usury cap of 12 percent.

More on Virginia’s new law requiring licensure of student loan servicers

CFPB Monitor

We previously blogged about Virginia’s enactment last month of a law requiring student loan servicers to be licensed by the Virginia State Corporation Commission (“Commission”).

Small Virginia Beach credit union to merge into Chartway FCU

American Banker

Consolidations Virginia Credit unions M&A Federal credit unions Growth strategiesMembers of St. Matthews Federal Credit Union are set to vote on whether to join the $2.3 billion-asset Chartway before the end of the year.

Primis Financial in Virginia planning digital bank

American Banker

Digital banking Community banking Growth strategies

ValleyStar Credit Union in Virginia hires new CEO

American Banker

Credit unions

Virginia credit unions to merge, creating $4.1 billion-asset company

American Banker

Credit unions M&A

Virginia Attorney General obtains default judgment in lawsuit against pension advance company

CFPB Monitor

Virginia’s Attorney General has announced that “he has secured more than $50 million in debt relief and ordered civil penalties” as a result of his lawsuit filed in state court in March 2018 against Future Income Payments, LLC; FIP, LLC; and their individual owner for allegedly making loans to Virginia consumers, many of whom were military veterans, that were falsely marketed as asset purchases. State CFS Monitor State Enforcement Usury usury virginia

Awaiting its own merger, Virginia community bank invests in mortgage firm

American Banker

M&A Community banks

Virginia Homeowners Insurance: A Guide for Getting the Right Coverage

MyBankTracker

Homeowners insurance in Virginia is a policy that protects your house. So, if you have a homeowners insurance policy in Virginia, or if you’re thinking about buying one, here’s what you need to know about coverage and rates. Average Rate of Homeowners Insurance in Virginia.