What payments can expect from Washington this year
Payments Dive
JANUARY 18, 2023
From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.
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Payments Dive
JANUARY 18, 2023
From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.
PYMNTS
APRIL 1, 2020
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 is the first state to pass legislation to allow facial recognition, but with constraints.
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PYMNTS
JANUARY 24, 2020
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. The bills taken together are said to show the mounting anxiety of legislators and citizens on how AI will impact normal lives. .
PYMNTS
JANUARY 24, 2020
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. The bills taken together are said to show the mounting anxiety of legislators and citizens on how AI will impact normal lives. .
PYMNTS
MAY 13, 2020
The Washington Nationals baseball team unveiled its ticket reimbursement policy for contests that the pandemic impacted, The Washington Post reported. Sports teams are offering their fans the opportunity to ask for reimbursements — or credits to their accounts.
PYMNTS
NOVEMBER 4, 2020
California is the first state to pass a major online privacy bill, with New York and Washington now considering their own legislation. Given California’s size and its historical role as a national trend-setter, observers see the tough new privacy law as likely to spur action by other states over the coming years.
American Banker
SEPTEMBER 27, 2023
based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021. The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based
CFPB Monitor
DECEMBER 21, 2022
The Washington Department of Financial Institutions has adopted regulations effective December 31, 2022 to implement amendments to the Consumer Loan Act permitting licensed companies to allow licensed mortgage loan originators to work from their residence without licensing the residence as.
TrustBank
MARCH 27, 2023
As some of you may recall, the Washington state legislature had passed a 7% tax on capital gains on the sale of certain assets. Before it could take effect a trial court in Douglas County ruled that this was an invalid income tax in the state of Washington. This was to start January 1, 2022.
TrustBank
DECEMBER 15, 2022
You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. The assets subject to this tax are, in general, stocks, bonds, business interests, and tangible property, but not real estate.
PYMNTS
MARCH 7, 2018
Washington, D.C., According to news from The Washington Post , Amazon officials toured locations in Washington, D.C., Bowser (D) dined with Amazon representatives on Wednesday night, proposing four, fast-growing neighborhoods in Washington, D.C. Montgomery County, Maryland, and Northern Virginia. Meanwhile, D.C.
PYMNTS
JANUARY 19, 2021
In today’s top retail news, Bed Bath & Beyond said it has finished its sale of Cost Plus World Market (CPWM) to a private equity firm, while Starbucks will help Washington state with the distribution of coronavirus vaccines. Starbucks To Assist Washington State With COVID-19 Vaccine Distribution. Bed Bath & Beyond Inc.
PYMNTS
MARCH 12, 2019
Call it Mr. Sloan Goes to Washington. Call it a movie that features a less than-thrilled-to-have-top-billing star. As has been widely reported, the scandals engulfing Wells Fargo have stretched out over two years, focused on fake accounts, mortgages, auto loans and seemingly no end of scrutiny on Capitol Hill.
PYMNTS
JULY 22, 2019
Washington must go beyond the hype and ensure that it’s not the place where innovation goes to die. These are concerns that should be thoroughly and publicly addressed.”. As was the case during the Senate hearings, Facebook got some very conditional support from Republican House members during Wednesday’s hearings.
Payments Dive
OCTOBER 18, 2023
The new council is tasked with providing “strategic guidance” to the San Francisco-based card giant’s Washington think tank, but none of the initial members are based in the U.S.
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. “I have to say there was a debacle with the industry.
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. The lawsuit is the result of a massive data breach that Uber suffered in October 2016, when hackers stole the personal data of 57 million customers and drivers.
American Banker
SEPTEMBER 8, 2023
Capital One Financial opened its newest airport lounge to the public at the Washington, D.C., metropolitan area's Dulles International Airport.
TrustBank
APRIL 26, 2021
The below is a discussion of the new Washington Long-Term Care Program. What Is the Washington Long-Term Care Program? The Washington Long-Term Care Program is the nation's first public state-operated long term care insurance program. All employees employed in Washington will be required to pay taxes into the Program.
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. Fans can use the Square-owned Caviar app and the Square POS terminal to order everything from food to beer and wine while enjoying the game from the stands.
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. Marsha Blackburn (R-Tenn.), who has been an outspoken critic of the tech industry and especially TikTok, will meet with the executive, CNBC reported.
ABA Community Banking
MARCH 17, 2021
Meinert review highlights from the ABA's just-concluded virtual Washington Summit. The post Podcast: Highlights from the 2021 ABA Washington Summit appeared first on ABA Banking Journal.
PYMNTS
JULY 21, 2017
’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. According to recent reports in the Wall Street Journal , some of the U.S.’s CEOs at major banks including U.S.
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.
TrustBank
JUNE 16, 2020
Washington Trust Bank believes that the information used in this study was obtained from reliable sources, but we do not guarantee its accuracy. The goal is to improve downside protection and add value to our long-term buy-and-hold strategy.
MyBankTracker
APRIL 22, 2021
Washington sits just below the middle of the 50 states when it comes to car insurance premiums. While it’s certainly a good deal for Washington drivers, you should still be looking to get the most coverage for the lowest possible premium. Average Car Insurance Rates in Washington.
CFPB Monitor
OCTOBER 4, 2018
On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA).
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. See feature for details.).
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. See feature for details.).
PYMNTS
SEPTEMBER 2, 2020
Consumers are showing little interest in returning to in-store shopping six months into the pandemic, leading retailers around the globe to double down on their digital capabilities to convert these new digital-first shoppers.
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. Persistent advocacy nabs key reforms for bank and thrift holding companies. By Chris Cole.
Finer Points
MARCH 11, 2015
Advocacy Convention Washington Policy Summit' 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, […].
CFPB Monitor
SEPTEMBER 13, 2019
In its recently published Summer 2019 Newsletter , the Washington State Department of Financial Institutions (“DFI”) reported that it had interpreted the Servicemembers Civil Relief Act (“SCRA”) broadly to apply the SCRA’s 6% interest rate cap to a loan agreement entered into only by a servicemember’s spouse.
American Banker
SEPTEMBER 15, 2023
A movement is afoot to transfer the job of the Federal Home Loan banks to the Federal Reserve. This would be a disaster for small lenders.
ABA Community Banking
APRIL 23, 2020
A new article in the Washington Post yesterday spotlighted the round-the-clock efforts of community banks to make Paycheck Protection Program loans with a largely remote workforce. The post Washington Post Article Spotlights Community Banks’ PPP Efforts appeared first on ABA Banking Journal.
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.
Bank Innovation
MARCH 13, 2020
WaFd, formerly Washington Federal Bank, is offering interest-free lines of credit of up to $200,000 to small businesses as a result of the pandemic. As the novel coronavirus continues to spread, rattling the economy, banks are reevaluating their business propositions to clients.?
BankDeals
JULY 30, 2020
Washington State Bank Kasasa Cash currently earns a top rate on qualifying balances up to $15k. Kasasa Saver earns a competitive rate on qualifying balances up to $25k.
Payments Dive
NOVEMBER 16, 2022
With the tie-up, the Fresh Connect program is expanding to all of banner’s locations in Washington, D.C., and participants will be able to access free classes, consultations and resources offered by the grocer.
PYMNTS
OCTOBER 13, 2016
The University of Washington is unveiling a new lab that will allow retailers (such as Costco and Nordstrom), delivery services (such as UPS), urban planners, commercial developers, logistic experts and other stakeholders to collaborate to, ideally, come up with the future of delivering goods in urban areas, according to GeekWire.
PYMNTS
JULY 6, 2020
The CEOs of Amazon , Apple , Facebook and Google parent Alphabet will all appear before Congress this month as part of a governmental probe into their companies, Reuters reported, citing a statement from the House Judiciary Antitrust Subcommittee.
CFPB Monitor
MAY 20, 2019
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. The DISB has now released the required forms for both the 2018 and 2019 filings.
PYMNTS
SEPTEMBER 20, 2016
20), Mr. Stumpf will go to Washington, and we’ll get the verdict straight from those congressional horses’ mouths. “I think the best thing I could do right now is lead this company and lead this company forward,” Stumpf said in a CNBC interview last week. Will Congress agree? Well, today (Sept. What Stumpf Is Likely To Hear A Lot About.
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