Washington Federal, N.A.
Seattle, Washington
In October 2020, the CFPB issued a consent order against Washington Federal, N.A., as documented in official CFPB filings. The source data references this action but does not elaborate on the specific violations or corrective measures required. Washington Federal is a national bank, and while not primarily known as a BaaS provider, CFPB consent orders against banks often address consumer protection issues that are relevant to the broader banking and fintech ecosystem. The consent order document is publicly available through the CFPB's official records. Further details on the nature of the violations and remediation requirements would need to be confirmed through direct review of the consent order document.
Verified from source: The URL is an official CFPB document (files.consumerfinance.gov) with the filename 'cfpb_washington-federal-na_consent-order_2020-10.pdf', confirming a consent order against Washington Federal, N.A. dated October 2020. The PDF content is encoded/compressed and not human-readable, but the document metadata and URL confirm the action.
- CFPB enforcement actions against banks reinforce consumer protection standards applicable across banking, including BaaS arrangements
- Consent orders create public precedent that fintech partners and sponsor banks must consider in compliance planning