Winter 2020/2021 news and updates from the Washington State Department of Financial Institutions.

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Featured Articles

The Importance of State-Level Financial Regulation - Message from DFI Director Charlie Clark

DFI Director Charlie Clark discusses the importance of state-level financial regulation.

Insurance Products Can Help Washington Property Owners Avoid Financial Devastation - Special message from Insurance Commissioner Mike Kreidler

Special message from Washington State Insurance Commissioner Mike Kreidler.

Banking and Financial Services Updates

The Emergence of Virtual Currency and Digital Assets in Financial Institutions

DFI is closely watching the emergence of virtual currency and digital assets in financial institutions.

Understanding The Community Bank Sentiment Index (CBSI)

The Community Bank Sentiment Index (CBSI)(link is external) polls community bankers across the nation quarterly to gain insight into their outlook on the economy.

State Regulators Issue Ransomware Mitigation Tool

State financial regulators issued a self-assessment tool to banks they supervise in an effort to help mitigate ransomware attacks.

DFI Updates

DFI Partnering with Washington State Housing Finance Commission to Promote Down Payment Assistance Programs

Down payment assistance programs may be a best-kept secret for first-time home buyers.

Diversity Advisory Team at DFI Promoting A Culture of Inclusiveness

DFI established the Diversity Advisory Team (DAT) in 2017, to develop and support inclusion strategies across DFI.

Division of Credit Unions Bids Farewell to Longtime Staff Member Doug Lacy-Roberts

After more than two decades of service to DFI, Doug Lacy-Roberts is saying goodbye.

Consumer News

Shop ‘Til You Drop…Your Mortgage Rate

Tips and things to keep in mind when shopping for a lower mortgage rate.

Understanding Reverse Mortgages Part 2

Basics of reverse mortgages and how they work.

Securities Updates

DFI’s Securities Division Collaborates With Other State and Federal Regulators in Recent Enforcement Actions

In September 2020, three collaborative enforcement efforts by the Securities Division came to fruition.

Washington Corporations Must Comply With New Gender Diversity Requirements for Boards of Directors

About the new law.

Investment Adviser Renewal Season Is Here

Time to renew those licenses.