Bills: HB3351 , HB3095 , HB1450 , HB1716 , HB1764 , HB3395 , HB2384 , HB3357 , HB3339 , HB1469 , HB3343 , HB3382 , HR1043 , HR131 , HR183 , HR672 , HB2625 , HB2170 , SB201 , SB423

Keywords: small business, capital formation, financial regulation, Securities Exchange Act, Paperwork Reduction Act, ZIP Code, postal service, community designation, local governance, postal infrastructure, OFAC, Office of Foreign Assets Control, sanctions, licensing, investigators, private sector firms, nominal transactions, financial transactions, pilot program, FinCEN

Transcript Highlights:

• </c><00:09:33.760><c> 105,</c><00:09:34.440><c> the</c> the FinCEN 105, the the FinCEN 105, the uh<00
• I I've not looked at the FinCEN<01:09:21.120><c> forms.</c> FinCEN forms. FinCEN forms.
• um</c><01:24:56.840><c> form</c> Yes, maybe the FinCEN um form Yes, maybe the FinCEN um form that<01
• And in your packet, the FinCEN alert.
• </c> out on a FinCEN 104 that it's illegal. out on a FinCEN 104 that it's illegal.

Committee: House Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:

• ><c> notice</c> submitted a FinCEN notice submitted a FinCEN notice uh<00:15:51.040><c> in</c><00:15:
• And so the question is why can't we just cite to, you know, set a compliance standard with the FinCEN
• </c> FinCEN rules? Well, thank you, Chair. FinCEN rules? Well, thank you, Chair.
• We have some<00:20:37.760><c> FinCEN</c><00:20:38.240><c> controls</c><00:20:38.840><c> in</c><00:20:
• 38.960><c> place</c> some FinCEN controls in place some FinCEN controls in place and<00:20:40.360><c>

Bills: HB1511 , HB1535 , HB1642 , HB1753 , HB1810 , HB2282 , HB2614

Committee: Senate Commerce and Consumer Protection

Summary: The committee heard several consumer-protection and insurance measures. HB 1511 HD2 would prohibit unsolicited mail or email using high-pressure tactics or falsely implying affiliation with another entity; it drew support from the Office of Consumer Protection, the DCCA Insurance Division, and the Service Contract Industry Council, with some written support and at least one opposition. HB 1535 HD2, concerning automated external defibrillators and a tax-related provision for devices installed in certain public accommodations, received comments from DOTAX and the Tax Foundation, with additional support from the Department of Health and other groups. HB 1642 HD1 would ban ownership or operation of digital financial asset transaction kiosks that accept U.S. currency; it was strongly supported by OCP, the Attorney General, and AARP, while kiosk operators and industry representatives opposed the ban and urged a regulatory approach instead, including licensing, transaction limits, refunds, and other safeguards. Members questioned whether federal action could preempt the bill and whether a licensure regime could be funded through a surcharge, but no action was taken during the discussion. The committee also took up HB 1753 on social media account deletion and permanent erasure of personal information, with OCP standing on its initial comments and TechNet and Will Caron in support. HB 1810 HD2 would impose prompt payment and financial reporting requirements on professional solicitors selling donated tangible property on behalf of charities; Goodwill Hawaii testified in strong support, emphasizing donor trust and transparency, and several nonprofit and business groups submitted supportive testimony. HB 2282 HD1, which would require explanations for premium increases and clarify insurance licensing and cancellation/non-renewal procedures, was supported by the Insurance Division and OCP; a vice chair asked for complaint data related to condo associations, and a member noted that the same agencies had previously opposed similar Senate bills. Finally, HB 2614 HD1 would require cosmetics merchants to accept returns of new or unopened goods within specified time frames and improve signage requirements; OCP said the bill addressed longstanding complaints about high-pressure sales tactics and no-return policies, citing over 180 complaints and survey results showing most complainants did not understand the policy and felt misled.

Transcript Highlights:

• Treasury Department's FinCEN, the Financial Crimes Enforcement Network.
• They report suspicious activity under FinCEN, and bad actors should, obviously, be held accountable.
• They report suspicious activity under FinCEN, and bad actors should, obviously, be held accountable.
• They report suspicious activity under FinCEN, and bad actors should, obviously, be held accountable.
• They report suspicious activity under FinCEN, and bad actors should, obviously, be held accountable.

Bills: SB6178 , SB5831

Committee: House Consumer Protection & Business

Keywords: SB6178, property insurance, insurance claims, assignment of benefits, AOB, post-loss assignment, post-loss benefits, homeowners insurance, policyholder, insured, restoration contractor, mitigation contractor, public adjuster, insurance commissioner, claims handling, consumer protection, void and unenforceable, Washington insurance code, chapter 48 RCW, civil penalty

Transcript Highlights:

• But we do have federal partners in the sense that there's FinCEN, so that's the Financial Crimes Enforcement
• But we do have federal partners in the sense that there's FinCEN, so that's the Financial Crimes Enforcement
• But we do have federal partners in the sense that there's FinCEN, so that's the Financial Crimes Enforcement

Summary: The committee first heard a work session on cryptocurrency kiosks from the Department of Financial Institutions and Spokane City Councilmember Paul Dillon. DFI described crypto kiosks as licensed money transmission terminals that allow cash purchases of virtual currency, and said the main concern is fraud: scammers often pressure victims, especially older adults, to deposit cash into kiosks and send it to wallets controlled by organized crime. DFI cited a sharp increase in kiosk volume, nationwide fraud complaints and losses, and said Washington currently has licensing and disclosure rules but lacks transaction and fee limits. The department said it is seeking stronger disclosures, a $1,000 daily transaction limit, and a fee cap. Spokane described its unanimous ordinance banning new kiosks and removing existing ones after local scam reports, and members asked about how the machines work, whether the fraud is in the hardware or the transaction, and whether stronger warnings or screening could help. The committee then reviewed home equity sharing agreements, or CHISAs, based on a report by Mariana Amaram and testimony from DFI and industry representatives. The report found that CHISAs provide homeowners a lump sum in exchange for a share of future home value or appreciation, with no monthly payments, but that consumers often struggle to understand the products and settlement calculations. The report said the market has grown quickly in Washington, that costs can be hard to predict, and that early uncapped contracts could produce very high settlement amounts, especially during periods of rising home prices. DFI said it views these products as mortgage loans and is moving forward with rulemaking, including counseling and clearer disclosures, while industry witnesses said the products are equity-based rather than debt-based and asked for tailored regulation. Members discussed the need for better consumer education, clearer payoff schedules, and whether the products should be treated as mortgages or a separate category. The final panel focused on Washington’s space economy, with presentations from Amazon Leo, Blue Origin, Stoke Space, Space Northwest, and Green River College. Speakers highlighted major in-state investments in satellite manufacturing, launch systems, and workforce training, including Amazon Leo’s Redmond and Kirkland facilities, Blue Origin’s Kent headquarters, and Stoke Space’s Kent manufacturing and Moses Lake test site. Space Northwest presented data showing the sector’s growing economic footprint, high-wage jobs, and regional clusters in Kent and Redmond, and urged more workforce programs, incentives, infrastructure support, and a state space commission. The companies emphasized local hiring, apprenticeship and certification programs, and the role of Washington’s aerospace supply chain in supporting the broader space industry. No votes were taken during the transcript excerpt.

Transcript Highlights:

• In Washington State, sportsbooks must comply with FinCEN, the Financial Crimes Enforcement Network, regulations
• Suspicious activity triggers SARs, which are suspicious activity reports, to FinCEN.

Committee: House State Government & Tribal Relations

Summary: The House State Government and Tribal Relations Committee held a field hearing at the Puyallup Reservation, hosted by Chairman Stearns, and heard three informational presentations: sports betting, tribal health data sovereignty, and the Washington State Missing and Murdered Indigenous Women and People (MMIWP) Task Force. No bills were voted on; the meeting was primarily a work session and question-and-answer discussion. On sports betting, Emerald Queen Casinos and the Washington State Gambling Commission described how sports wagering operates in Washington under tribal-state compacts, including on-premise mobile betting, compliance and anti-money laundering rules, and the use of third-party oddsmakers. Tribal representatives said sports betting supports tribal economic development and asked for future changes to allow wagering on Washington college teams and to address concerns about illegal prediction markets. Committee members asked about geo-fencing, betting limits, and why in-state collegiate betting is prohibited. Vicki Lowe of the American Indian Health Commission discussed tribal data sovereignty, emphasizing that tribes have inherent sovereignty and a government-to-government relationship with the state, and that tribes should have equitable access to their own health data. She explained that during COVID, tribes lacked access to state-held tribal affiliation data and that public records concerns led the Department of Health to stop collecting some tribal affiliation information. Members discussed how data-sharing agreements and tribal consultation should work going forward. Lucy Smartlut of the Attorney General’s office reported on the MMIWP Task Force, including updated case counts, the work of the cold case unit, forensic genetic genealogy efforts, and survey findings showing weak tribal-law enforcement coordination and inconsistent collection of tribal affiliation data. She said the task force’s immediate need is sustainability, continued collaboration, and better training and communication, while members raised questions about funding, interagency coordination, and prevention efforts.

Transcript Highlights:

• See, in Washington State, sportsbooks must comply with FinCEN, the Financial Crimes Enforcement Network
• Suspicious activity triggers SARs, which are suspicious activity reports, to FinCEN.

Summary: The House State Government and Tribal Relations Committee held a field hearing on the Puyallup Reservation, where members first received an overview of sports betting in Washington. Tribal casino representatives and the Washington State Gambling Commission explained that sports betting became legal in 2020 under HB 2638 and is currently limited to tribal casinos through sportsbook, kiosk, and on-premise mobile wagering. Testimony covered how odds are set, compliance with federal anti-money-laundering rules, and the role of third-party vendors. Tribal representatives said sports betting supports tribal economic development and asked to expand betting to include Washington college teams, while warning that prediction markets and other unregulated products pose a threat. Committee members asked about geo-fencing, betting limits, in-state college betting restrictions, and regulatory oversight. No votes were taken. The committee then heard from Vicki Lowe of the American Indian Health Commission on tribal data sovereignty and health data. She described tribal sovereignty and the federal trust responsibility, and said tribes should have equitable access to their own health data and control over how it is used. She explained that during COVID, tribes often lacked direct access to state health data, which complicated case tracing and other public health work. Lowe said the Department of Health stopped collecting tribal affiliation in some contexts because of Public Records Act concerns, and she argued that this is inconsistent with tribal data-sharing principles adopted through the Governor’s Indian Health Advisory Council. Members asked for clarification about what counts as tribal data and how public records concerns affected data collection. No formal action was taken. Finally, Lucy Smartlut gave an update on the Washington State Missing and Murdered Indigenous Women and People Task Force. She reported on the task force’s structure, its extension through 2027, and progress on recommendations including a fully funded cold case investigation unit in the Attorney General’s office, an updated missing persons resource, and forensic genetic genealogy work on unidentified remains. She said the cold case unit has active investigations, has helped locate missing Indigenous people, and made its first homicide arrest. She also presented data showing Native people are disproportionately represented among homicide and missing persons cases, and noted survey findings that many law enforcement agencies rely on officer observation for race data and have limited consultation with tribes. Committee members asked about funding, interagency coordination, and whether the task force is shifting toward prevention. The presenter said sustainability, continued awareness, and stronger collaboration remain priorities, and no vote was taken.

Transcript Highlights:

• One idea that came up is is trying to get FinCEN to be able to take a bigger role here, in particular
• Does that sound like a... a potential place where FinCEN can get engaged in?
• From the national security side, then through FinCEN, and then with our law enforcement partners.

Committee: Senate Banking, Housing, and Urban Affairs Committee

Keywords: legislation, housing affordability, financial regulation, public testimony, accountability, oversight

Summary: The meeting involved significant discussions around key legislative proposals, primarily focusing on various bills such as HB2 and SB5. The committee examined the implications of these bills on issues like housing affordability and financial regulation. Notable members engaged in debates, providing differing perspectives on the potential economic impacts of the proposed bills. The meeting witnessed public testimony, which included a call for accountability in government actions and oversight of current financial policies. Members echoed concerns about following through on commitments to address critical issues affecting everyday Americans.

Transcript Highlights:

• of Treasury subgroup called the Financial Crimes Enforcement Network, which is otherwise known as FinCEN
• make a loan on property, they have to run information on their borrowers through this network of FinCEN
• It won't trigger red flags within FinCEN or the registry because, quite frankly, they're getting cash
• Shank continued that banks already must comply with state and federal regulators, including FinCEN, before

Summary: The House Agriculture Committee first spent much of the meeting recognizing the large number of 4-H and FFA students and guests in attendance, with members from several counties introducing their groups and praising the programs for developing future agricultural and civic leaders. Comments emphasized the value of youth involvement in agriculture, leadership, and public speaking, and several members noted their own 4-H or FFA backgrounds. The committee then took up House Bill 356, and adopted a committee substitute before hearing testimony on the revised measure. House Bill 356, sponsored by Representative Carney, would create the Kentucky Urban Youth Agriculture Initiative, expanding the original urban farming concept into broader agricultural education, agribusiness, advocacy, and work-ready skills. The substitute removed the requirement that participants have access to farmland, lowered the age floor from six to five, broadened participation, and established a pilot program with implementation left to Cooperative Extension. Supportive testimony came from a 4-H student and Kentucky 4-H representatives, who described how the program helps youth explore many interests and removes barriers for urban students. Members from both parties praised the bill as a way to reach more youth and strengthen agricultural education. The committee approved House Bill 356 as amended by the committee substitute on a roll call vote, with all members present voting yes. The committee then heard House Bill 315 from Representative Sharp, a foreign adversary land bill intended to limit certain foreign entities’ ability to purchase Kentucky land. Before member questions, Tim Shank of the Kentucky Bankers Association testified in opposition to one section of the bill, saying banks already screen borrowers through federal systems and that Section 8’s reference to an Attorney General lien for “actual costs” was too vague. He warned the language could create uncertainty for mortgage holders and potentially affect credit availability for farmers. Representative Sharp said he had just learned of the concern and may need to work with the Attorney General’s office to address it. He also said the bill was largely the same as last year’s version, except for the removal of a leasing-related paragraph, and the committee began discussion of the bill after that testimony.

Transcript Highlights:

• And I want to be clear right now, Coinbase is a federally regulated business under FinCEN.
• And I want to be clear right now, Coinbase is a federally regulated business under FinCEN.

Summary: The House Standing Committee on Banking and Insurance met with a quorum and first introduced a guest before taking up House Bill 701, sponsored by Representative Adam Bowling. The committee adopted a committee substitute by voice vote. Bowling explained that the substitute removed the bill’s mining-related language and added clarification that the bill does not require anyone to accept digital assets as payment. The bill was described as a measure to modernize Kentucky’s approach to digital assets and blockchain technology, protect the right to hold and transact in digital assets, and clarify that certain crypto activities are not securities; it also preserves authority for the Attorney General to pursue fraud under existing consumer protection laws. Members asked questions about why Kentucky should act before federal regulators fully resolve whether digital assets are securities or commodities, whether the bill affected local zoning authority, and how the measure addresses consumer protection and money laundering concerns. Bowling and a Coinbase representative said the bill is intended to provide clarity, align Kentucky with emerging federal developments, and avoid stifling innovation. They noted that Coinbase remains subject to federal AML/KYC rules and that recent federal litigation over staking and securities issues had been dismissed. Several members said they supported the bill as a way to put Kentucky in a leading position, while others expressed uncertainty about the security-versus-commodity question. The committee then voted on House Bill 701 as amended by the substitute. The bill passed on a roll call vote, with most members voting yes. Representative Camuel passed, saying she wanted more time to understand the issue, and Representative Grossberg voted yes with reservations. Representative Hancock and others said the bill’s regulatory clarity and consumer protection aspects were important, and Representative Lockett said the measure would help Kentucky be ready once federal regulators decide how crypto should be classified.

Transcript Highlights:

• He explained that the Financial Crimes Enforcement Network, or FinCEN, requires companies to submit suspicious
• He said FinCEN lacks the resources to process reports below $2,000 and does not encourage SAR filings
• All the locations are advertised on our websites, and we also are registered with FinCEN as a money service

Committee: Joint Joint Committee on Financial Services

Summary: The committee heard testimony on several financial services bills, with the main focus on cryptocurrency kiosk regulation, financial literacy, and earned wage access. Legislators and witnesses described widespread crypto-related scams targeting older adults, often involving impersonation, urgency, spoofed phone numbers, and rapid transfers through kiosks that are difficult to trace or recover. Supporters of the kiosk bills said Massachusetts needs licensing, registration, transaction limits, warning notices, receipts, refund protections, and other safeguards; some also urged a “pause” or hold on transactions to give victims time to reconsider and allow law enforcement to intervene. The Attorney General’s office, AARP, local law enforcement, and several prosecutors and sheriffs backed the consumer-protection approach, while Bitcoin Depot supported a narrower regulatory framework but opposed low fee caps and strict daily limits, arguing they would function like a ban and reduce legitimate use. Witnesses from Waltham police, Middlesex and Essex County law enforcement, and the AG’s office said crypto scams are growing quickly, losses are often unrecoverable once funds move, and current tools are limited. They described cases involving elderly victims losing thousands of dollars, and said warnings alone are not enough because scammers keep victims on the phone and guide them through the process. Some witnesses said a temporary hold or refund mechanism has worked in at least one case, while others emphasized that transaction limits and visible disclosures could reduce harm even if they do not stop fraud entirely. The AG’s office also said it would submit written opposition to separate earned wage advance legislation, while DailyPay testified in support of that bill, saying earned wage access helps workers bridge short-term gaps without debt or credit reporting. The committee also heard support for mandatory financial literacy education from Representative Jim Hawkins, who said high school students need instruction on credit, debt, and inflation before they enter adulthood. In addition, the committee took testimony on litigation financing bills from insurance industry representatives, who argued for disclosure and regulation of predatory litigation lending and warned about foreign interference and reduced plaintiff recoveries. No votes or final actions were taken during the hearing; members asked questions throughout, and the chair noted the need to move testimony along because of time constraints.

Transcript Highlights:

• But we do have federal partners in the sense that there's FinCEN, so that's the Financial Crimes Enforcement
• But we do have federal partners in the sense that there's FinCEN, so that's the Financial Crimes Enforcement

Summary: The committee first held a work session on cryptocurrency kiosks, with the Department of Financial Institutions and Spokane City Council describing how virtual currency kiosks operate, where they are located in Washington, and the rapid growth in transaction volume. DFI said the machines are being used heavily in scams, especially against older and vulnerable consumers, and cited FBI fraud data showing substantial losses. DFI outlined possible consumer protections in pending legislation, including stronger disclosures, a $1,000 daily transaction limit, and a fee cap. Spokane City Council described its unanimous ordinance banning new kiosks and requiring removal of existing ones, citing local scam reports and the difficulty of recovering funds once they are sent through crypto wallets. Committee members asked about how the machines are used, whether the hardware itself is vulnerable, and whether stronger warnings or screening requirements could help. The committee then reviewed home equity sharing agreements, or CHISAs/HESAs, following a legislative report. The report’s author said these products provide homeowners a lump sum in exchange for a share of future home value or appreciation, with no monthly payments, but can be difficult for consumers to understand and can produce highly variable settlement costs. The report found the market has grown quickly in Washington, that many consumers using the products had financial hardship, and that many did not fully understand how settlement amounts were calculated. DFI said it views the products as mortgage-like and is moving forward with rulemaking, including counseling and clearer disclosures. Industry representatives said the products are equity-based rather than debt-based, support access to home equity for people who may not qualify for traditional loans, and said they are working with DFI on standardized disclosures, counseling, and annual settlement estimates. Senators raised concerns about consumer understanding, cost caps, and whether the products should be treated as mortgages under state law. In the final work session, the committee heard an overview of Washington’s space economy from Amazon Leo, Blue Origin, Stoke Space, Space Northwest, and Green River College. Speakers highlighted major investments in Washington facilities, manufacturing, testing, and workforce training, and described the state as a hub for aerospace and satellite activity. They emphasized job creation, supply-chain spending, and education partnerships, including technician certification and apprenticeship-style programs. Several speakers urged the legislature to expand tax incentives to include space companies, support grants and workforce programs, and consider a state space commission or similar long-term coordination effort. The committee thanked the presenters and noted time constraints before ending the hearing.

Transcript Highlights:

• Treasury Department's FinCEN, the Financial Crimes Enforcement Network.
• They report suspicious activity under FinCEN, and bad actors should obviously be held accountable.

Summary: The committee heard public testimony on several insurance and consumer protection bills. On engrossed substitute Senate Bill 5928, staff and the Office of the Insurance Commissioner described wildfire risk score and model disclosure requirements for homeowners, including notices when policies are nonrenewed, canceled, or premiums are adversely affected, plus insurer website disclosures about mitigation discounts and rate filing transparency. Supporters, including the OIC, AARP, the mayor of Medical Lake, and a fire chief, said the bill would improve transparency, help homeowners understand and reduce wildfire risk, and protect consumers facing cancellations and rising premiums. Industry witnesses said they supported the goal but warned the bill could add regulatory cost and complexity, and some urged narrower, simpler disclosure language and a delayed implementation date. On engrossed substitute Senate Bill 6031, which would expand the insurance fraud program and create a standalone Class B felony for insurance fraud, the OIC and AARP supported the bill as a tool against organized fraud and restitution for victims. A criminal defense representative raised concerns that the new felony language overlaps with existing misdemeanor insurance fraud law and could create conflicting statutes and harsher penalties for the same conduct. The committee also heard testimony that the bill had already incorporated amendments limiting criminal investigators’ role in regulatory investigations and focusing them on complex schemes. The committee then heard substitute Senate Bill 6248 on travel insurance, described as largely mirroring a House bill already passed by the committee. Testimony from the travel insurance industry said agreed-upon amendments had been incorporated, including changes addressing conflict-of-interest concerns, and urged the bill’s advancement. Finally, the committee heard substitute Senate Bill 6079, which would create the Strengthen Washington Homes grant program to fund wildfire home-hardening and prohibit insurers from using wildfire risk as a disqualifying factor for homes meeting IBHS wildfire-prepared standards. The OIC, fire commissioners, AARP, and the prime sponsor supported the bill as a way to reduce nonrenewals and improve insurability, while insurers opposed Section 7, arguing it could interfere with underwriting and should be removed if the bill is to remain a grant program. The committee also began hearing engrossed Senate Bill 5280 on virtual currency kiosks, with staff and the Department of Financial Institutions describing daily transaction caps, fee limits, disclosures, and receipts to curb fraud; consumer protection and law enforcement witnesses supported the bill, while industry witnesses raised concerns about burdens on compliant businesses and passive retail hosts.

Transcript Highlights:

• FinCEN, which is a report based in the back of that testimony, does not support a ban of crypto kiosk
• FinCEN, which is a report based in the back of that testimony, does not support a ban of crypto kiosk
• legitimate crypto kiosk operator, and there are like a Hilt Club, Bitcoin Depot, we're all licensed by the FinCEN
• legitimate crypto kiosk operator, and there are like a Hilt Club, Bitcoin Depot, we're all licensed by FinCEN

Committee: House Judiciary & Hawaiian Affairs

Summary: The committee heard testimony on several measures. HB 1957, relating to safe entryways, would create enforcement procedures in large cities to prevent personal property from blocking private doorways or entrances. The Department of the Attorney General supported the concept but recommended moving the offense to the criminal code, adding clearer definitions to avoid vagueness, and including notice, inventory, storage, and property-disposition procedures to address constitutional concerns. No other testimony was offered and no questions were raised. HB 25003/HB 253, relating to fireworks, would expand civil asset forfeiture for certain fireworks offenses, revise the definition of aerial device, and clarify air-delivery offenses. The Attorney General supported the bill but suggested removing the 25-pound weight threshold to avoid unequal treatment of similar offenses. The Department of Law Enforcement also supported the measure, saying it would improve clarity for evolving fireworks investigations and prosecutions. The committee took no action during testimony. HB 2137, relating to artificial intelligence, would prohibit certain harmful uses of realistic AI-generated digital imitations, require disclosures, and create civil remedies and fines. The Commission on the Status of Women supported the bill, while the Hawaiian Islands Republican Women opposed it on First Amendment grounds. The Motion Picture Association, Recording Industry Association of America, and SAG-AFTRA also opposed the bill but said they preferred a different framework, the federal “No Fakes” model, and were willing to work with the committee on amendments. The Attorney General had suggested constitutional amendments, which the chair said would be considered later. The committee also heard HB 2198 on prediction markets, with the Honolulu prosecutor strongly supporting inclusion of prediction markets in the gambling definition because of concerns about speculative betting on events and national security-related outcomes. HB 1511 on consumer protection drew support from the Office of Consumer Protection and the Insurance Division, with OCP proposing clearer disclosure for license and registration renewal solicitations. HB 1897 on condominium alternative dispute resolution received supportive comments from the Real Estate Commission and CI. HB 1642 on crypto kiosks drew strong support from OCP and AARP Hawaii for a ban on kiosks accepting U.S. currency, but opposition from Hill Ventures, which argued for regulation and guardrails instead of a ban. HB 1753 on social media account deletion received supportive comments from DCCA on clarifying deletion of unique identifiers and inferences. HB 1654 on anonymous complaints against public employees drew strong opposition from the Attorney General over implementation and due process concerns, while the Government Employees Association supported it as a way to screen baseless complaints; the committee then moved on to HB 1659 on collective bargaining, with testimony beginning as the transcript ended.

Transcript Highlights:

• The requirements imposed on the industry at the federal level by FinCEN are extremely robust and virtually

Bills: HB297

Committee: House Financial Services

Keywords: cash transactions, money transmission, regulatory compliance, criminal penalties, Alabama Securities Commission

Transcript Highlights:

• Uh, right now, these kiosk operators are considered money service businesses by FinCEN.
• 54:15.600><c> by</c> considered money service businesses by considered money service businesses by FinCEN
• > That's</c><00:54:17.720><c> the</c><00:54:17.920><c> federal</c><00:54:18.680><c> financial</c> FinCEN
• That's the federal financial FinCEN.

Bills: HB0098 , HB0075 , HB0041 , HB0101

Committee: House Revenue

Transcript Highlights:

• Because I personally think that FinCEN could probably do a lot more.

Summary: The committee heard AB 801, which would require the Department of Financial Protection and Innovation to conduct fair lending examinations of lenders on a regular schedule. The author and supporters, including the Greenlining Institute and several housing and consumer groups, argued the bill was needed because federal fair lending enforcement has weakened and California borrowers of color continue to face lending disparities. Banking and credit union representatives opposed the bill as duplicative and costly, though they acknowledged the author’s amendments and continued negotiations. The bill was approved on a vote and re-referred to Judiciary, with some members voting no or not voting at first and later the measure passing on a fuller roll call. The committee then heard AB 871, which would strengthen elder fraud protections by requiring financial institutions to report suspected financial abuse to the FBI’s Internet Crime Complaint Center and notify customers of the report. The author and county and adult protective services supporters said the bill would improve pattern detection and help stop or reverse scams more quickly. Bankers opposed the customer-notification requirement, warning it could alarm seniors and that the reporting process would add operational burden, but the author and supporters said victim information is important for investigations. The bill passed with committee support and was re-referred to Judiciary. AB 1842 and AB 1847, both related to mortgage forbearance after major disasters and the Eaton and Palisades fires, were also heard. AB 1842 would create a statewide framework for forbearance after federally declared major disasters, and AB 1847 would extend relief for wildfire survivors; both bills were amended to narrow triggers, clarify repayment and documentation issues, and remove some reporting requirements. Supporters included local officials, consumer groups, and housing advocates, while mortgage and banking groups remained in opposition on some implementation points but said they were working toward compromise. Both bills were approved and re-referred to Judiciary. Finally, AB 2116, dealing with merchant cash advances and small business financing transparency, was heard with broad support from small business and consumer advocates and partial support from some industry representatives after amendments; opponents still raised concerns about disclosure authority and unconscionability standards. The bill was also approved and sent to Judiciary. The committee additionally adopted a consent calendar of unrelated bills.

Transcript Highlights:

• understanding of where information goes when it goes to the feds, because I personally think that FinCEN

Committee: Senate Banking and Financial Institutions

Transcript Highlights:

• The shift to digital payments, check fraud, and forgery have surged with FinCEN reporting a 385. percent

Bills: SB1281 , SB1300 , SB1379 , SB1451 , SB1497 , SB1498 , SB1499

Committee: Senate Criminal Justice

Transcript Highlights:

• network of criminals, including the cartel, and I did provide a copy of a recent Ed Longenecker: FinCEN

Bills: HB33 , HB45 , HB48 , HB 1261 , HB1465 , HB1778 , HB2596 , HB5238 , SB2969 , HB45 , HB48

Committee: Senate Criminal Justice

Keywords: HB 48, oilfield theft, organized theft, petroleum products, oil and gas equipment, DPS, Department of Public Safety, Texas, Railroad Commission, criminal justice, energy resources, theft prevention, organized crime, border region, El Paso, law enforcement task force, asset recovery, pipeline theft, drilling equipment, equipment theft