Washington State Department of Financial Institutions

A few weeks ago, during floor action, the Senate took up DFI’s request legislation, SB 5280, protecting consumers of virtual currency kiosks. The bill and its floor debate were the subject of a story on TVW’s Legislative Update for Feb. 26. (The story begins at the 6:30 mark.) The bill was passed on a vote of 29-17 and now goes to the House for its consideration. What is this bill and what will it do for consumers? Virtual Currency ATMs have been used by criminals to defraud unsuspecting people who they persuade to convert their savings to crypto currency, which is then stolen and quickly moved overseas. The bill would put a daily transaction limit of $1,000 in place, cap fees, require detailed receipting, and strengthen licensure provisions. Learn more about SB 5280: https://lnkd.in/dG8Typ9w Watch the feature on TVW: https://lnkd.in/djjV6Xru #financialinstitutions #washingtonstate

DFI's Division of Consumer Services is currently hiring for a Financial Legal Examiner 2-4. 📃 Some of the job duties for this position includes drafting administrative enforcement actions, including statements of charges and cease and desist orders critical to the agency’s statutory consumer protection duties, negotiate and draft settlements of enforcement actions, oversee multiple complaints and investigations and ensure cases progress in a timely fashion, and much more. Learn more about this opportunity: https://lnkd.in/gSXN-z3J #financialinstitutions #washingtonstate #jobopportunities #hiring

This week, we are celebrating National Consumer Protection Week!   National Consumer Protection Week was created by the Federal Trade Commission (FTC) to spread awareness and information about consumer rights and help people learn how to identify, prevent, and report scams.  Learn how to identify, prevent, and report fraud on DFI’s website: dfi.wa.gov/10b/en Visit the FTC website to learn how to get free consumer education materials — including information in multiple languages — and learn from consumer protection experts: ftc.gov/ncpw #NCPW2025 #FTC 

Has someone you met online or by text asked you to transfer or pay with cryptocurrency to avoid a financial problem or to take advantage of a financial opportunity? You’re likely being targeted by a relationship investment scammer. Learn how these scams work and their common warning signs. Visit https://lnkd.in/gi_VtaDq. #OregonDFR #RelationshipInvestmentScam #DatingOrDefrauding

In support of the multiagency #DatingOrDefrauding Campaign, FinCEN is reminding financial institutions to remain vigilant regarding suspicious activity that may be indicative of relationship investment scams. https://lnkd.in/gpNksqmB

Millions of dollars are stolen each year from hard-working individuals through relationship and romance scams. In this episode of #FINRAUnscripted, two victims bravely share the financial, mental and emotional toll they experienced at the hands of scammers. Learn how they worked to recover from their losses and discover the red flags so you can spot the difference between #DatingOrDefrauding. Listen here 🎧 https://bit.ly/3BGO01K

The FDIC OIG is alerting online daters and social media users to beware of Relationship Investment Scams. More information about these scams is available here: https://lnkd.in/ejjWbpX5 #DatingOrDefrauding

Has someone you met online or by text requested you to set up an investing account on a specific trading platform or website? You’re likely being targeted by a relationship investment scammer. Learn how these scams work and their common warning signs. Visit https://lnkd.in/gi_VtaDq. #OregonDFR #RelationshipInvestmentScam #DatingOrDefrauding

NFA, together with 15 federal, state and nongovernmental organizations, is raising awareness about relationship investment fraud throughout the month of February. The joint initiative provides critical information about how to recognize relationship investment scams and what to do if you are affected. NFA provides a variety of online investor education materials intended to arm the public with the skills needed to protect themselves. Dive deeper into the initiative and explore NFA's resources—visit NFA's website to stay informed. #DatingOrDefrauding https://ow.ly/9xBU50V38Ow

Join our team! DFI's Division of Consumer Services is currently hiring for a Financial Legal Examiner Supervisor. This position supervises a team of Financial Legal Examiners and/or Financial Examiners, who investigate alleged violations of laws and regulations in the financial service industries, prepare cases for administrative, civil, or criminal actions, and negotiate settlements. This position also oversees the unit’s investigations by directing enforcement actions to be issued that are required as part of the agency’s statutory duties, pursuing temporary orders to cease and desist to fulfill the agency’s statutory duty to protect consumers, and directing investigation of alleged violations of the laws. Interested in this opportunity? Apply today: https://lnkd.in/gqytUjCp #financialinstitutions #washingtonstate #jobopportunities #hiring