INDUSTRY INSIGHTS YOUR PEERS ARE READING
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 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
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). FRI) – a licensed collection agency hired to collect debts on their behalf – and Brian Fair (Fair) of Wenatchee, Washington, who formed and owns/controls each company. 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
900 risk managers, fraud managers, marketers, debt managers, IT strategists, analytic scientists and other business professionals from 45 countries are in Washington, DC to take part in FICO World 2016, a four-day conference on analytics and decision management. MORE
Advocacy & Policy Regulation / Compliance Washington Watch Once More, with Feeling. Second streamlining regulatory review requires firm agency commitment. By Chris Cole. 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
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
Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Continue reading At last, a Washington idea community banks and credit unions can use. bank marketing ideas bank marketing strategies community banks credit unions washington MORE
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 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
’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 MORE
Spokane, Washington-based Obloco will beta test its white-label expense reporting solution with area businesses and Washington Trust Bank (WTB). Washington Trust Bank was founded in 1902, and now has more than 40 branches and offices in Washington, Idaho, and Oregon. MORE
The District of Columbia Department of Insurance, Securities, and Banking (DISB) published its final rules under the Student Loan Ombudsman Establishment and Servicing Regulation Amendment Act of 2016. The final rules became effective when published in the D.C. Register on August 10, 2018. The rules are unchanged from the latest revisions. MORE
Community banking De novo banks Capital Washington DCVisionBank is the second de novo effort that would focus on the nation's capital. MORE
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. 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
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 MORE
Join us for an event about retirement planning with the Social Security Administration (SSA) at the Brookings Institution in Washington, D.C. Washington, D.C. The event will take place on Thursday, November 12 at 10:00 a.m. EST. The event will be held at: Brookings Institution. Saul/Zilkha Room. 1775 Massachusetts Ave, N.W. 20001. The event will feature remarks from Director Richard Cordray and Acting Commissioner of Social Security, Carolyn W. 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
Washington Governor Jay Inslee on March 22 signed a bill into law granting local governments the ability to invest unlimited public funds deposits in credit unions. The new law will allow municipalities in 34 of Washington's 39 counties to place public funds in excess of the insured deposit limit in credit unions. Currently, municipal governments’ deposits in credit unions are capped at $250,000. 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
Despite a mandate in the Dodd-Frank Act, policymakers have not yet finalized a rule reforming excessive pay on Wall Street. Executive benefits C-suite Compensation Financial regulations MORE
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 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
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
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
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
48 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
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
Why ICBA’s Rebeca Romero Rainey, former CEO, left N.Mex. for “the swamp” People Community Banking. 1Community Banking 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
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
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.
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 […].
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.
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, […].
Bobs Guide
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
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.
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
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.
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. 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
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.
PYMNTS
FEBRUARY 15, 2018
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
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
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.
ABA Community Banking
JULY 24, 2015
SNL Report: Unexpectedly, small lenders gain market share under QM Retail Banking Compliance Mortgage CFPB. 1Compliance
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.,
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.
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
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
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.
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
MAY 3, 2018
Community banking Consolidations Succession planning Washington DC VirginiaChristopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017.
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). FRI) – a licensed collection agency hired to collect debts on their behalf – and Brian Fair (Fair) of Wenatchee, Washington, who formed and owns/controls each company.
CFPB
OCTOBER 29, 2015
Join us for an event about retirement planning with the Social Security Administration (SSA) at the Brookings Institution in Washington, D.C. Washington, D.C. The event will take place on Thursday, November 12 at 10:00 a.m. EST. The event will be held at: Brookings Institution. Saul/Zilkha Room. 1775 Massachusetts Ave, N.W. 20001. The event will feature remarks from Director Richard Cordray and Acting Commissioner of Social Security, Carolyn W.
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.
Long Lasting Ideas
JUNE 8, 2016
Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Continue reading At last, a Washington idea community banks and credit unions can use. bank marketing ideas bank marketing strategies community banks credit unions washington
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.
FICO
APRIL 27, 2016
900 risk managers, fraud managers, marketers, debt managers, IT strategists, analytic scientists and other business professionals from 45 countries are in Washington, DC to take part in FICO World 2016, a four-day conference on analytics and decision management.
BankThink
OCTOBER 9, 2018
Despite a mandate in the Dodd-Frank Act, policymakers have not yet finalized a rule reforming excessive pay on Wall Street. Executive benefits C-suite Compensation Financial regulations
New York's State of Mind
JANUARY 20, 2017
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
CFPB Monitor
AUGUST 29, 2018
The District of Columbia Department of Insurance, Securities, and Banking (DISB) published its final rules under the Student Loan Ombudsman Establishment and Servicing Regulation Amendment Act of 2016. The final rules became effective when published in the D.C. Register on August 10, 2018. The rules are unchanged from the latest revisions.
Keith Leggett's Credit Union Watch
APRIL 3, 2018
Washington Governor Jay Inslee on March 22 signed a bill into law granting local governments the ability to invest unlimited public funds deposits in credit unions. The new law will allow municipalities in 34 of Washington's 39 counties to place public funds in excess of the insured deposit limit in credit unions. Currently, municipal governments’ deposits in credit unions are capped at $250,000.
NetBanker
AUGUST 19, 2016
Spokane, Washington-based Obloco will beta test its white-label expense reporting solution with area businesses and Washington Trust Bank (WTB). Washington Trust Bank was founded in 1902, and now has more than 40 branches and offices in Washington, Idaho, and Oregon.
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.
American Banker
JULY 27, 2016
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
American Banker
JUNE 30, 2016
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
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
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