Mall Owner Washington Prime Caught Between Struggling Tenants, Angry Creditors

PYMNTS

The owner of 100 shopping malls in more than two dozen states is under pressure following multiple news reports that Washington Prime Group (WPG) is set to file for bankruptcy protection. Retail brick and mortar malls News Washington Prime

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.

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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

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

New law opens Washington credit unions to unlimited public deposits

American Banker

Credit unions Law and regulation Washington

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. Furthermore, it demonstrates the resonance of the community bank voice in Washington. Advocacy & Policy Industry Insight Regulation / Compliance Viewpoints Washington Watch Years in the Making.

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. While the U.S.

Dynamic Hedging and Washington Trust Bank

TrustBank

Washington Trust Bank believes that the information used in this study was obtained from reliable sources, but we do not guarantee its accuracy. After a strong surge off the market’s March 23 rd low, volatility returned to the markets last week.

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 […].

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. The glitch, labeled the “infinite money cheat code” by Reddit Inc. users, was exploited by about […]. Bloomberg Carousel Investing Payments Product Design Retail Banking Startups Robinhood

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. Furthermore, it demonstrates the resonance of the community bank voice in Washington. Advocacy & Policy Industry Insight Regulation / Compliance Viewpoints Washington Watch 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. As we continue to push for additional relief provisions toward a more tiered system of regulation, we can look to victories such as these as a reminder that hard work really does pay off in Washington—even if it does seem to happen very gradually. Advocacy & Policy Industry Insight Legislation Viewpoints Washington Watch Holding Firm.

California’s Proposition 24 Vote Could Boost Online Privacy Bills In New York, Washington

PYMNTS

California is the first state to pass a major online privacy bill, with New York and Washington now considering their own legislation.

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. In ICBA’s war on overregulation, we are working to ensure the banking agencies use every available opportunity to roll back regulatory excess. That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules.

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. While we cannot accurately say that the two days Facebook ’s David Marcus were the worst two days a Facebook executive has ever had in front of Congress, that statement is more a testament to how rough some of Facebook’s recent congressional hearing have been.

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. 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.

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, […].

Washington Long-Term Care Program – Did You Know We Have One?

TrustBank

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.

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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Podcast: Highlights from the 2021 ABA Washington Summit

ABA Community Banking

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. In this episode, podcast co-hosts Evan Sparks and Monica C.

Report: Washington Post’s Arc Publishing On Delivering Digital Payments Choice

PYMNTS

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.

Big Tech CEOs Head To Washington July 27 To Testify In Antitrust Probe

PYMNTS

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.

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.

Heritage in Washington joins list of banks closing branches

American Banker

Revenue and expenses Branch network Community banking WashingtonThe company will close nine branches over the next three months.

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. 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. When the order is ready, they’ll receive a notification in the form of a beep.

Washington Post Article Spotlights Community Banks’ PPP Efforts

ABA Community Banking

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.

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. Online Obloco

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.

Week ahead: Transition in Washington

American Banker

President-elect Joe Biden is scheduled to take the oath of office on Wednesday, but other changes that pertain to credit unions are also happening. Credit unions NCUA Law and regulation

Washington’s Decisions Have Direct Impact on New York State

New York's State of Mind

There have been few instances where machinations in Washington have had a more direct impact on New York State than what we’ve seen unfolding in the last few days. Pay attention, because for those of you who join the Association in Zoom Advocacy on both the state and federal level, this will impact what we […].

Today In Retail: Amazon Grows Palm Biometrics In Washington State; Toyota, Lexus Take Control Of Online Buying Platforms

PYMNTS

In today’s top retail news, Amazon Go stores in Seattle are reportedly being equipped with Amazon One palm-reading scanners, while automotive brands are taking control of digital purchasing platforms. Plus, fashion-based small and medium-sized businesses (SMBs) are getting a new marketplace option.

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. “I have to say there was a debacle with the industry

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. A provision that would allow Consumer Loan Act licensees servicing student loans for Washington state borrowers to apply to the DFI’s director to have annual assessments waived or adjusted.