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.

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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft.

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.

Proposed Bills Could Make Washington An AI Reg Leader

PYMNTS

With an array of bills brought forward by lawmakers during this legislative session, Washington state could become a leader in artificial intelligence regulation. Washington Sen. Artificial Intelligence artificial intelligence Legislation News regulation Washington State What's Hot

Proposed Laws Could Make Washington Leader In AI Regulation

PYMNTS

With an array of bills brought forward by lawmakers during this legislative session, Washington state could become a leader in artificial intelligence regulation. Washington Sen. Artificial Intelligence artificial intelligence Legislation News regulation Washington State What's Hot

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.

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.

Robinhood is back in Washington’s crosshairs after leverage glitch

Bank Innovation

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.

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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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, […].

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.

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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Is mortgage industry equipped to implement Washington's forbearance plan?

American Banker

Homeowners reeling from coronavirus-induced economic shock are already enduring extremely long wait times while trying to get relief. Legislation passed last week could worsen the logjams. Servicing Coronavirus PHH Mortgage Loan modifications Mr. Cooper Law and regulation

TikTok’s Head To Connect With Legislators In Washington

PYMNTS

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.

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.

Ripple chairman: Washington lobbying has led to poor crypto judgements

Bobsguide

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 Proposes Amendments to Student Loan Servicing Rules

CFPB Monitor

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.

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

Mortgage gift from Washington?

ABA Community Banking

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

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

IBM Joins Washington Blockchain Trade Group

American Banker

IBM has joined the Chamber of Digital Commerce, the Washington, D.C.-based based organization working to help shape the regulatory framework for the blockchain industry. law-regulation blockchain-digital-currencies sailthru-no-lead bank-technology

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

Lending, Profit Grow at Washington Federal

American Banker

Washington Federal in Seattle said its profit rose 3.4% to $41.7 million in the three months that ended March 31 as loan growth outweighed higher information technology costs. wa community-banking performance bank-technology it-infrastructure breaking_news national-regional

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

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

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.

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

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

Washington Federal in Seattle Names Next CEO

American Banker

Washington Federal Chairman and Chief Executive Roy M. Whitehead will hand off his CEO duties to Brent Beardall this spring. breaking_news people succession-planning corporate-governance community-banking

Washington Federal Adds Former B of A Exec to Board

American Banker

Washington Federal in Seattle has named Erin Lantz, a general manager of mortgages at Zillow Group, to its board. Lantz, 37, worked at Bank of America from April 2003 to 2010, eventually serving as senior vice president of program management. breaking_news people womenin-banking corporate-governance wa community-banking