Summer 2019 DFI Newsletter

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

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Message from Charlie ClarkQuarterly message from DFI Director Charlie Clark.
Division of Credit Unions Joins Small Credit Union WorkgroupThe Division of Credit Unions is participating in a small credit union workgroup.
Modernizing Washington Trust and Bank StatutesOn May 13, 2019, Governor Inslee signed SB 5107 - legislation updating and modernizing the Washington Trust Institutions Act, Title 30B RCW – into law.
Joe Vincent Recognized as Outstanding Adjunct ProfessorSeattle University School of law recently recognized DFI Director of Regulatory Affairs, Joe Vincent, as Outstanding Adjunct Professor by Seattle University School of Law.
Scammer Who Re-victimized Unhappy Investors Pleads Guilty to Mail FraudTroy Van Sickle, a former Seattle resident pleaded guilty in U.S. District Court in Seattle to mail fraud on June 24, 2019.
Director Charlie Clark Testifies Before The U.S. House Financial Services Committee’s Task Force on Fintech RegulationIn his testimony, Charlie emphasized that state regulators continue to play a critical role in protecting consumers in the fintech environment, and Washington State, in particular, is a leader in the field.
DFI Helps Refund Money to Military Service MemberHow DFI helped a military servicemember with getting their interest rate reduced to 6%.
Protecting Seniors from Financial FraudSeniors are often the target of fraud. Learn about how to avoid fraud and what DFI is doing to help protect seniors.
Money Smart Week Reading Days Reaches More Than 1,200 Washington StudentsIn April, as part of Financial Literacy Month, DFI’s financial education team worked with the Jump$tart Washington Coalition and the Financial Education Public Private Partnership in organizing Money Smart Week Reading Days in Washington classrooms.
Guide to Home Loans Now Available In SpanishDFI’s workbook that explains the mortgage and home buying process in detail is now available in Spanish.
Educating Washington Consumers across the StateDFI’s financial education program has been busy giving presentations and attending outreach events across the state.