Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

Supreme Court rules Washington’s Public Records Act is not preempted by Gramm-Leach-Bliley Act

Ruling still protects information about individual borrowers

OLYMPIA – The Washington Supreme Court issued a decision today in which justices unanimously agreed with the Washington Attorney General’s Office that the financial privacy provisions of the federal Gramm-Leach-Bliley Act (GLBA) don’t preempt the state Public Records Act. The ruling also clarified that information about individual mortgage borrowers is still protected as intended under federal law due to exemptions set forth under state law.

State recovers $11.7 million for Washington’s public pension funds

OLYMPIA -- Washington’s investment fund for several public pension systems will receive $11.7 million from State Street Bank in a settlement agreement announced today by Washington State Treasurer James L. McIntire, the Washington State Investment Board (WSIB) and the Attorney General’s Office.

This negotiated resolution stems from a contract dispute over the pricing of foreign exchange transactions executed between 1997 and 2007 while State Street was the custody bank for the WSIB.