Business EditionJanuary/February 2008

 E D I T O R I A L

DISB Uses Special Week to Help You With Your Broader Financial Picture
The year 2008 has started quite ominously for some—threats of recession, escalating credit crunch and higher cost of living—so DISB will use National Consumer Protection Week to provide information as the first line of defense for managing money wisely and preventing fraud.
 

T H E   C O M M I S S I O N E R ' S   C O L U M N
 

DISB’s Future Remains Bright Looking Toward 2008
In keeping with the mayor’s goals for 2008, DISB will continue providing effective regulation, consumer education and consumer services to District residents to create the best financial-service regulatory agency. To achieve this, Commissioner Hampton has listed three objectives.
 

C A P T I V E   I N S U R A N C E   I N   T H E   C A P I T A L

Risk Finance Bureau Issues 2007 Reporting Instructions
DISB’s Risk Finance Bureau has issued its 2007 reporting instructions for District of Columbia domiciled captive insurance companies.
 

S P E C I A L   F E A T U R E

DISB Addresses Licensing with Asian-American Retailers
Members of the District’s Asian and Pacific Islander community attended a meeting to address concerns about licensing requirements for check cashers and non-bank ATM machine owners.
 


I N D U S T R Y   N E W S

District CAPCO Develops Micro Loan Program
One of the three Certified Capital Companies in the District has developed a micro loan program for small businesses that do not qualify for CAPCO financing.

DISB Monitors Payday Lenders
Since the Council passed legislation subjecting payday lending to the District’s 24 percent interest cap, DISB has been monitoring payday lenders’ compliance with the new law.

NAIC Launches Small Business Web site En Español
The National Association of Insurance Commissioners recently launched a Spanish-language public education program to provide small businesses with information on risks and insurance options.

DISB’s Budget Hearings
Councilmember Mary Cheh will hold oversight hearings for DISB.

UK Delegation visits DISB
A small delegation from a graduate program in London visits DISB for a briefing on insurance regulation in the United States.

DISB Joins Coalition to Sponsor 10th Annual National Consumer Protection Week
DISB has joined a group of federal, state and local government agencies and national consumer advocacy organizations to launch the 10th annual National Consumer Protection Week, March 2-8, 2008.

Capital Connection is a bi-monthly publication from the Government of the District of Columbia Department of Insurance, Securities and Banking. To unsubscribe, contact Michelle Phipps- Evans at (202) 442-7822 or send an e-mail to michelle.phipps-evans@dc.gov, and type REMOVE in the subject line.