Welcome to DFI’s first agency newsletter!

Our goal with this new resource is to communicate the great work we are doing as an agency and provide you with the appropriate regulatory information to keep you in the loop.

While they are not new faces to our agency, we made some changes in DFI’s leadership. I recently named Rick St. Onge Acting Director of the Division of Consumer Services and Catherine Mele-Hetter as DFI’s Deputy Director.

On May 13, 2019, Governor Inslee signed into law the DFI Trust Bill, SB 5107, sponsored by Senator Das (Chapter 389, Laws of 2019). The trust bill modernized DFI trust statutes, and positioned our state to adapt our trust regulatory environment to developments in fintech and the global financial markets.

On June 25, I was honored to testify in D.C. before the U.S. House Financial Services Committee’s Task Force on Fintech Regulation. My message was 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. See the article on my testimony.

I believe that Washington has a great story to tell when it comes to embracing fintech and it was great to share Washington’s story.

I have been busy reaching out to our regulated entities lately – if I haven’t yet visited with you, rest assured I hope to meet with you soon.

I am committed to being accessible to you. My door is always open!

Charlie Clark, DFI Director