Fall 2019 DFI Newsletter

Fall 2019 news and updates from the Washington State Department of Financial Institutions.

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Ongoing Efforts to Allow Washington Financial Institutions to Work with Marijuana Businesses

Quarterly message from DFI Director Charlie Clark.

Working To Improve Efficiency and Work Life Balance with Offsite Bank Examinations

In an effort to improve efficiency, DFI's Division of Banks is conducting some bank examinations offsite.

Washington Among First States to Pilot New Modern Examination and Risk Identification Tool for Credit Unions

Washington will be one of the first states to pilot the new Modern Examination and Risk Identification Tool (MERIT) for credit unions.

Assisting and Providing Resources to Vulnerable and Underserved Populations

DFI’s Division of Consumer Services staff regularly steps up to lend a hand in our communities.

DFI Director of Communications Lyn Peters Named 2020 Jump$tart Washington President

Jump$tart Washington is a not-for-profit organization that seeks to promote the personal financial literacy of Washingtonians, with a primary emphasis on K-College youth.

DFI Director Charlie Clark Appointed to Second Term as President of AARMR

DFI Director Charlie Clark was appointed to serve a second term as President of he American Association of Residential Mortgage Regulators.

Moving Towards Standardized Data for Mortgage Loan Origination Systems

The Washington State Department of Financial Institutions, along with the Conference of State Bank Supervisors (CSBS), is encouraging industry to integrate state-developed data standards with mortgage loan origination system.

The Community Bank Leverage Ratio (CBLR): Regulators Working Together

State regulators and the Conference of State Bank Supervisors (CSBS) staff worked closely with federal regulators to craft a final rule that will provide much needed regulatory relief for community banks..

Opportunity Zones Offer an Incentive to Invest in Washington’s Distressed Communities

The North American Securities Administrators Association (NASAA) and the Securities and Exchange Commission (SEC) recently published joint guidance summarizing compliance issues for opportunity funds under state and federal law.

DFI’s Division of Securities Travelling Across State to Provide Outreach on Amended Investment Adviser Rules

DFI’s Division of Securities will host a number of outreach events to publicize and answer questions concerning recently adopted amendments to the investment adviser rules at Chapter 460-24A WAC.