Washington Watch

Independent Banker

Advocacy Advocacy & Policy Commercial/Business Consumer General Industry Insight Lending Membership Regulation & Compliance Regulation / Compliance Viewpoints Washington WatchDisparate Opinions. Supreme Court upholds disparate impact theory of anti-discrimination law. By Lilly Thomas.

Washington Watch

Independent Banker

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. Just as this victory serves as a reward for the hard work of our association and industry, it is also a reminder that effective advocacy in Washington is performed over years. Years in the Making.

Washington Watch

Independent Banker

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. Just as this victory serves as a reward for the hard work of our association and industry, it is also a reminder that effective advocacy in Washington is performed over years. Years in the Making.

Washington Watch

Independent Banker

While Washington often moves at a glacial pace, it recently came to life to enact reforms benefiting bank and thrift holding companies. Advocacy & Policy Industry Insight Legislation Viewpoints Washington Watch Holding Firm.

Libra’s Long Week In Washington 

PYMNTS

Washington must go beyond the hype and ensure that it’s not the place where innovation goes to die.

Washington Watch

Independent Banker

Advocacy & Policy Regulation / Compliance Washington Watch Once More, with Feeling. Second streamlining regulatory review requires firm agency commitment. By Chris Cole.

Mr. Sloan Goes To Washington

PYMNTS

Call it Mr. Sloan Goes to Washington. Call it a movie that features a less than-thrilled-to-have-top-billing star.

Community Bankers to Washington: Let’s Work Together To Get the Job Done

Finer Points

Last week’s ICBA Washington Policy Summit showed once again that community bankers are not only willing to go the extra mile—they’re even grateful for the privilege. Advocacy Community Banks Credit Unions Farm Credit System Regulatory Relief Washington Washington Policy SummitWith nearly 1,000 community bankers and industry advocates in the nation’s capital to advocate positive reform in more than 300 meetings with policymakers, there was a feeling of enthusiasm […].

Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

To enable mobile payments, the Washington Metropolitan Area Transit Authority (WMATA) is working with its fare payment vendor to upgrade its payment capabilities. Mobile Payments mobile app News Payment platforms Transit Payments Washington Metro What's HotWMATA seeks to be “mobile ready” by 2019, the agency said in a statement.

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Square Partners With Washington Nationals To Offer In-Seat Concessions

PYMNTS

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports.

Former Bank of Georgetown execs plan new bank in Washington

BankThink

Community banking De novo institutions Capital Washington DCFounders Bank is the latest de novo effort that will target the nation's capital.

Mr. Stumpf Goes To Washington

PYMNTS

20), Mr. Stumpf will go to Washington, and we’ll get the verdict straight from those congressional horses’ mouths. With the NFL back in season (Pats 2-0 for those keeping count at home), the term “Greatest Show on Turf” is getting thrown around an awful lot these days. And while the NFL and its players are usually the Greatest Show on Turf, this week, the Senate Banking Committee hearing with Wells Fargo’s CEO might have given the league a run for its money but for two reasons.

Let’s Take Last Week’s Convention Energy to Washington

Finer Points

Advocacy Convention Washington Policy Summit ICBA’s national convention is always an incredible experience. If you haven’t witnessed nearly 3,000 members of the community banking industry in the same place at the same time, you should make a point to do so at least once in your career. But there was something special about this year’s convention. There was a feeling, […].

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., Officials told the Post the tours in Northern Virginia happened early last week, while the Washington tours occurred in the middle of the week and Amazon workers toured locations in Montgomery County toward the end of last week. “We’ve Amazon e-commerce employment headquarters Merchant Innovation News Retail washington dc What's Hot

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Ripple chairman: Washington lobbying has led to poor crypto judgements

Bobs Guide

Washington is in a learning phase,” he told an audience at Money20/20. Chris Larson, executive chairman and co-founder of Ripple, said mistakes have been made in the ways in which regulators have dealt with cryptocurrencies.

Washington Trust Bank To Test Expense Reporting from Startup Obloco

Bank Innovation

It’s a truism that expense reporting sucks. Keeping your receipts together (and the ink may be toxic) and then typing up a summary to hand over to finance and wait who knows how long to be reimbursed — what a pain. Then the finance department has to input paper documents into Read More.

Washington State AG Sues Uber Over Data Breach

PYMNTS

More legal woes for Uber : Washington State’s attorney general has sued the ride-sharing company, alleging it had violated the state’s data breach notification law. According to news from Reuters , Washington State’s attorney general, Bob Ferguson, filed a multimillion-dollar lawsuit against Uber, alleging that the names and drivers’ license numbers of at least 10,888 Uber drivers in the state had been stolen without their being notified as state law requires.

VisionBank files application to open in Washington

BankThink

De novo banks Community banking Financial regulations Washington DC VirginiaOrganizers plan to raise $25 million to $35 million in initial capital to focus on small and midsize businesses in northern Virginia.

Washington calls community banker

ABA Community Banking

Why ICBA’s Rebeca Romero Rainey, former CEO, left N.Mex. for “the swamp” People Community Banking. 1Community Banking

Kansas and Washington Update CU Acts

Keith Leggett's Credit Union Watch

Two states, Kansas and Washington, have passed legislation updating their credit union statutes. In Washington-state, Governor Jay Inslee signed into law House Bill 1247.

Union to gain scale around Washington with $600M acquisition

BankThink

Community banking M&A Capital Virginia Washington DCUnion Bankshares will gain 15 branches and $2 billion in loans in northern Virginia after it buys Access National.

Washington Federal, Anchor extend merger deadline

BankThink

Washington Federal, which is working through Bank Secrecy Act issues, also allowed Anchor to consider offers from other potential buyers. Community banking M&A Consolidations AML Washington

Why Washington mobilized so quickly against Facebook's crypto plans

BankThink

The speed and the bipartisan nature of the demand for an investigation into Facebook's Libra are telling, giving ammunition to those who warned the cryptocurrency space is underregulated and unsafe.

Group plans new bank in Washington

BankThink

Community banking De novo banks Capital Washington DCVisionBank is the second de novo effort that would focus on the nation's capital.

Pot banking goes to Washington: 3 takeaways

BankThink

Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal. Marijuana banking Regulatory reform Regulatory relief AML Commercial banking Community banking Federal credit unions House Financial Services Committee

Mortgage gift from Washington?

ABA Community Banking

SNL Report: Unexpectedly, small lenders gain market share under QM Retail Banking Compliance Mortgage CFPB. 1Compliance

Washington de novo says it has conditional approval

BankThink

De novo institutions Community banking Capital Washington DCThough it would be based in the nation's capital, MOXY Bank would also have significant operations in Charlotte, N.C.

New requirements for collection of medical debt in Washington effective July 28

CFPB Monitor

Effective July 28, debt collectors licensed in Washington will be subject to new requirements when collecting medical debt. Debt Collection State CFS Monitor debt collection medical washington

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

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Washington poised to have first-ever bank sold to a credit union

BankThink

has agreed to buy Bank of Washington in Lynnewood. Community banking Credit unions M&A WashingtonSound Credit Union in Tacoma, Wash.,

Higher rates, loan demand boost Washington Federal's 1Q profit

BankThink

Washington Federal had to delay a pending acquisition after issues emerged with its anti-money-laundering compliance. Earnings Commercial lending Consumer lending AML WashingtonThe Seattle bank's improved loan yields offset higher expenses tied to Bank Secrecy Act remediation.

Is Washington’s dysfunction a systemic risk?

BankThink

Financial firms have mostly shrugged off the government's budget woes, but Washington's gridlock might pose a bigger risk than they think. Treasury bonds Risk management Policymaking SIFIs Crisis management Debt limit Steven Mnuchin Treasury Department

Group applies to open minority owned bank in Washington

BankThink

Community banking De novo banks Capital FDIC Washington DC North CarolinaMoxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina.

Insider promoted as part of succession plan at Washington bank

BankThink

Community banking Succession planning M&A Consolidations WashingtonJeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year.

John Marshall Bank taps veteran Washington banker as next CEO

BankThink

Community banking Consolidations Succession planning Washington DC VirginiaChristopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017.

Top Banks Looking To Washington For Growth, Clarity

PYMNTS

’s largest banks are looking to Washington, D.C., ” “I just spent time in Washington last week and left very encouraged by the open and productive dialogue that is taking place,” Cecere said. But while many bank CEOs have fixed their eyes on Washington to promote industry growth, not every executive is optimistic. According to recent reports in the Wall Street Journal , some of the U.S.’s

Washington Federal joins list of banks under BSA orders

BankThink

Community banking AML M&A OCC WashingtonThe Seattle company first disclosed an issue in September, when it withdrew an application to buy Anchor Bancorp.

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.

Washington’s great housing failure

New York's State of Mind

The inability of Congress and the Obama Administration to decisively reshape housing policy is the single greatest piece of unfinished business in the financial sector with which the Trump administration must deal. The outcome of what promises to be a messy partisan debate could have huge implications for your credit union. Predicting on September 6, […]. Mortgage Lending GSE Reform

Group plans Washington bank with Ethiopian-American focus

BankThink

Community banking De novo banks Under-served populations Underbanked Capital Washington DC Virginia MarylandMarathon International Bank would target the Ethiopian community with specific advertising and educational programs.

Why Washington mobilized so quickly against Facebook's crypto plans

Payments Source

The speed and the bipartisan nature of the demand for an investigation into Facebook's Libra are telling, giving ammunition to those who warned the cryptocurrency space is underregulated and unsafe.

An Executive's Profile Rises at Washington Federal

American Banker

Brent Beardall, who has been with Washington Federal since 2001, was named president of the $14.8 billion-asset company and its primary banking unit and retains his job as chief banking officer. breaking_news people corporate-governance wa community-banking

State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It