INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. MORE
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. MORE
Advocacy & Policy Regulation / Compliance Washington Watch Once More, with Feeling. Second streamlining regulatory review requires firm agency commitment. By Chris Cole. MORE
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. MORE
“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. MORE
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. MORE
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. MORE
As suspicions surrounding the app’s ties to China continue to increase, TikTok chief Alex Zhu will meet with legislators in Washington, D.C. next week. Marsha Blackburn (R-Tenn.), who has been an outspoken critic of the tech industry and especially TikTok, will meet with the executive, CNBC reported. MORE
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 […]. MORE
has agreed to buy Bank of Washington in Lynnewood. Community banking Credit unions M&A WashingtonSound Credit Union in Tacoma, Wash., MORE
The DFI disagreed, stating that because Washington is a community property state, debts incurred during the marriage are presumed to be community debt. MORE
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, […]. MORE
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. MORE
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. MORE
Community banking De novo institutions Capital Washington DCFounders Bank is the latest de novo effort that will target the nation's capital. MORE
Call it Mr. Sloan Goes to Washington. Call it a movie that features a less than-thrilled-to-have-top-billing star. MORE
The Washington State Department of Financial Institution (DFI) has published proposed revisions to its student loan servicer regulations. This proposal would amend rules that went into effect earlier this year pursuant to Washington’s student loan servicing law. MORE
Community banking De novo banks Capital Washington DCVisionBank is the second de novo effort that would focus on the nation's capital. MORE
Washington must go beyond the hype and ensure that it’s not the place where innovation goes to die. MORE
Community banking De novo institutions Career moves Washington DCMelinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort. MORE
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. MORE
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. MORE
SNL Report: Unexpectedly, small lenders gain market share under QM Retail Banking Compliance Mortgage CFPB. 1Compliance MORE
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. MORE
Community banking Consolidations Succession planning Washington DC VirginiaChristopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017. MORE
M&A Capital Activist investors WashingtonAnchor's sale agreement comes less than a year after it put a representative of the activist investor Stilwell Group on its board. MORE
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. MORE
is once again getting unwanted scrutiny in Washington after some of the brokerage’s customers took advantage of a flaw that allowed them to make highly leveraged trades without putting down enough cash to back the transactions. Robinhood Markets Inc. MORE
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. MORE
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 MORE
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. MORE
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 MORE
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. MORE
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. MORE
Community banking AML M&A OCC WashingtonThe Seattle company first disclosed an issue in September, when it withdrew an application to buy Anchor Bancorp. MORE
The fight over the Senate's regulatory reform bill illustrates how entrenched Democrats and Republicans remain over the crisis-era law, eight years after its passage. Regulatory relief Regulatory reform Policymaking Dodd-Frank Mike Crapo MORE
57 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. MORE
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 MORE
Financial firms are going on offense in Washington, pressing a policy agenda that would have been unimaginable just a few months ago. Some proposals, like reforming the Consumer Financial Protection Bureau, have been floated before while others began to gain traction after Republicans swept the November elections. Here's a look at some of the industry's requests. MORE
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 MORE
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 MORE
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 MORE
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. MORE
Why ICBA’s Rebeca Romero Rainey, former CEO, left N.Mex. for “the swamp” People Community Banking. 1Community Banking MORE
Washington Related Topics Independent Banker
JULY 8, 2015
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.
Independent Banker
MARCH 15, 2015
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.
Independent Banker
FEBRUARY 24, 2015
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.
Independent Banker
FEBRUARY 16, 2015
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.
Independent Banker
SEPTEMBER 26, 2014
Advocacy & Policy Regulation / Compliance Washington Watch Once More, with Feeling. Second streamlining regulatory review requires firm agency commitment. By Chris Cole.
PYMNTS
JULY 22, 2019
Washington must go beyond the hype and ensure that it’s not the place where innovation goes to die.
Bank Innovation
NOVEMBER 7, 2019
is once again getting unwanted scrutiny in Washington after some of the brokerage’s customers took advantage of a flaw that allowed them to make highly leveraged trades without putting down enough cash to back the transactions. Robinhood Markets Inc.
BankThink
AUGUST 6, 2019
Community banking De novo institutions Career moves Washington DCMelinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort.
Finer Points
MAY 6, 2015
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 […].
BankThink
JUNE 10, 2019
Community banking De novo institutions Capital Washington DCFounders Bank is the latest de novo effort that will target the nation's capital.
PYMNTS
DECEMBER 6, 2019
As suspicions surrounding the app’s ties to China continue to increase, TikTok chief Alex Zhu will meet with legislators in Washington, D.C. next week. Marsha Blackburn (R-Tenn.), who has been an outspoken critic of the tech industry and especially TikTok, will meet with the executive, CNBC reported.
PYMNTS
APRIL 13, 2018
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.
PYMNTS
SEPTEMBER 20, 2016
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.
PYMNTS
MARCH 29, 2019
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.
Finer Points
MARCH 11, 2015
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, […].
BankThink
OCTOBER 24, 2018
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.
PYMNTS
MARCH 7, 2018
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
BankThink
APRIL 2, 2018
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
BankThink
OCTOBER 5, 2018
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.
BankThink
JULY 9, 2018
Community banking De novo banks Capital Washington DCVisionBank is the second de novo effort that would focus on the nation's capital.
Bank Innovation
AUGUST 23, 2016
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.
BankThink
FEBRUARY 13, 2019
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
BankThink
JANUARY 14, 2019
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.
PYMNTS
NOVEMBER 29, 2017
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.
CFPB Monitor
SEPTEMBER 17, 2019
The Washington State Department of Financial Institution (DFI) has published proposed revisions to its student loan servicer regulations. This proposal would amend rules that went into effect earlier this year pursuant to Washington’s student loan servicing law.
Bobsguide
OCTOBER 24, 2018
“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.
BankThink
JUNE 24, 2019
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.
BankThink
SEPTEMBER 21, 2018
has agreed to buy Bank of Washington in Lynnewood. Community banking Credit unions M&A WashingtonSound Credit Union in Tacoma, Wash.,
BankThink
JANUARY 22, 2018
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
BankThink
APRIL 11, 2018
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.
ABA Community Banking
JUNE 8, 2018
Why ICBA’s Rebeca Romero Rainey, former CEO, left N.Mex. for “the swamp” People Community Banking. 1Community Banking
BankThink
MAY 3, 2018
Community banking Consolidations Succession planning Washington DC VirginiaChristopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017.
BankThink
JULY 11, 2018
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.
BankThink
JULY 10, 2018
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.
BankThink
MARCH 1, 2018
Community banking AML M&A OCC WashingtonThe Seattle company first disclosed an issue in September, when it withdrew an application to buy Anchor Bancorp.
BankThink
JANUARY 25, 2018
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.
ABA Community Banking
JULY 24, 2015
SNL Report: Unexpectedly, small lenders gain market share under QM Retail Banking Compliance Mortgage CFPB. 1Compliance
BankThink
FEBRUARY 13, 2017
Financial firms are going on offense in Washington, pressing a policy agenda that would have been unimaginable just a few months ago. Some proposals, like reforming the Consumer Financial Protection Bureau, have been floated before while others began to gain traction after Republicans swept the November elections. Here's a look at some of the industry's requests.
Mobile Payments Today
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
BankThink
APRIL 12, 2017
M&A Capital Activist investors WashingtonAnchor's sale agreement comes less than a year after it put a representative of the activist investor Stilwell Group on its board.
CFPB Monitor
SEPTEMBER 13, 2019
The DFI disagreed, stating that because Washington is a community property state, debts incurred during the marriage are presumed to be community debt.
CFPB Monitor
JULY 15, 2019
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
BankThink
MARCH 6, 2018
The fight over the Senate's regulatory reform bill illustrates how entrenched Democrats and Republicans remain over the crisis-era law, eight years after its passage. Regulatory relief Regulatory reform Policymaking Dodd-Frank Mike Crapo
Let's personalize your content