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.
Washington Related Topics 
New Facial Recognition Policy Signed Into Law In Washington State
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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Proposed Laws Could Make Washington Leader In AI Regulation
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. .
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Proposed Bills Could Make Washington An AI Reg Leader
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. .
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Coronavirus Refunds: Washington Nationals Unveil Ticket Reimbursement Procedure
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.
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Washington state “predatory loan” bills propose expanded coverage, “anti-evasion” language, licensing revisions, and other amendments to Consumer Loan Act
CFPB Monitor
JANUARY 9, 2024
1874), denominated the “predatory loan prevention act”, was pre-filed for introduction in the Washington state legislature December 5, 2023, and referred to the House Committee on Consumer Protection and Business on January 8, 2024. House Bill 1874 (H.B.
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Credit union to buy second bank, expand in Washington state
American Banker
MARCH 11, 2024
Sound Credit Union said it would acquire Washington Business Bank in a cash deal slated to close in the fourth quarter.
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Visa, Mastercard CEOs throw hearing off track
Payments Dive
APRIL 9, 2024
Senate Judiciary Committee Chairman Dick Durbin postponed a plan to call credit card chieftains on the capitol carpet at a Tuesday hearing, but he’s still aiming to get them to Washington.
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Washington Department of Financial Institutions issues regulations on work from home effective 12/31
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.
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Swipe fees get renewed Washington focus in aftermath of election
American Banker
NOVEMBER 12, 2024
Senate Majority Whip Dick Durbin, D-Ill., has scheduled a hearing on swipe fees for Nov. 19, but executives from Visa and Mastercard aren't among the confirmed witnesses for the lame duck hearing.
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Amazon Toured Sites In Washington, DC, Area Last Week
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.
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New CSBS chief warns Washington against sidelining state agencies
American Banker
FEBRUARY 2, 2024
Brandon Milhorn, the new CEO of the Conference of State Banking Supervisors, used the platform offered by his first major speech to sound an alarm against one-size-fits-all solutions emanating from Washington. The pendulum has swung too far in the direction of federal regulatory uniformity," Milhorn argued.
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Washington State Capital Gains, Er, Excise Tax
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.
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Ripple chairman: Washington lobbying has led to poor crypto judgements
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.
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DOJ announces $9M settlement with Washington Trust for redlining in Rhode Island
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
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Today In Retail: Bed Bath & Beyond Completes Sales Of Cost Plus World Market; Starbucks To Help Out Washington State With Vaccine Distribution
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.
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Washington State AG Sues Uber Over Data Breach
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.
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Washington Capital Gains Tax Update
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.
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Podcast: Highlights from the 2021 ABA Washington Summit
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.
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Washington Long-Term Care Program – Did You Know We Have One?
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.
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Washington Proposes Amendments to Student Loan Servicing Rules
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.
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TikTok’s Head To Connect With Legislators In Washington
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.
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Square Partners With Washington Nationals To Offer In-Seat Concessions
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.
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Top Banks Looking To Washington For Growth, Clarity
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.
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Dynamic Hedging and Washington Trust Bank
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.
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Washington Car Insurance: How to Get the Cheapest Rates
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.
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Washington State AG Sues Debt Buyers for Operating Without a License
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).
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Washington Watch
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.).
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Washington Watch
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.).
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Report: Washington Post’s Arc Publishing On Delivering Digital Payments Choice
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.
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Let’s Take Last Week’s Convention Energy to Washington
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, […].
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Capital One opens lounge at Washington's Dulles Airport in major expansion
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.
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Visa appoints advisory council for policy institute
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.
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Washington Watch
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.
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Washington DFI Extends SCRA Interest Rate Cap to Servicemember Spouses
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.
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Supply takes center stage in Washington's housing push
American Banker
MARCH 20, 2024
Policy experts say the mix of proposals put forth by the White House could ease the nation's housing shortage, but success will be neither quick nor assured.
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Washington Post Article Spotlights Community Banks’ PPP Efforts
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.
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Community Bankers to Washington: Let’s Work Together To Get the Job Done
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.
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Washington State Bank Free Kasasa Cash Available In 7 LA Parishes
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.
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Big Tech CEOs Head To Washington July 27 To Testify In Antitrust Probe
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.
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Banks around the country respond to coronavirus
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.?
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Rate Exportation Opt-Out and “Anti-Evasion” Bill Introduced in Washington D.C.
CFPB Monitor
DECEMBER 22, 2023
District of Columbia Council Bill B 25-0609 , which would opt out of Section 27 of the Federal Deposit Insurance Act (“FDIA”) with respect to loans made in the District of Columbia, was introduced in the District of Columbia Council on November 30, 2023, and referred to the Council’s Committee on Business and Economic Development on December 5, 2023. (..)
ATM industry looks to federal lifeline amid COVID-19
Payments Dive
MARCH 26, 2020
As relief and funding packages are being debated in Washington, the National ATM Council looks to how these new laws will affect business.
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