Guidance that allows federally insured credit unions to provide certain financial services to legally operating hemp businesses was published Monday by the federal regulator of credit unions. In the guidance, the National Credit Union Administration […]
Credit unions accepting deposits from legal cannabis-related business will not be sanctioned by their federal regulator as long as they are adhering to federal anti-money laundering and Bank Secrecy Act (AML/BSA) requirements and the agency’s […]
The Federal Reserve would benefit from clarifying rules about banks serving legitimate marijuana-related businesses, the chairman of the Federal Reserve Board said Tuesday. During questions and answers after testimony before the Senate Banking Committee, Fed […]
Legislation aimed at offering cannabis/marijuana-related legitimate businesses access to banking services – which would include imposing a number of requirements on federal financial institution regulators – was among the topics of scrutiny during a House […]
Banking Services for Cannabis-Related Businesses The Consumer Protection and Financial Institutions Subcommittee will convene a hearing entitled, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses.” Witnesses are: Fiona Ma, California State Treasurer; Maj. […]
Marijuana business banking will be the subject of a subcommittee hearing set for next week, the House Financial Services Committee announced Wednesday. The hearing, before the Consumer Protection and Financial Institutions subcommittee, is titled “Challenges […]
After 43 years, a Virginia man has been granted his request to participate in the conduct of the affairs of any insured depository institution after being barred from doing so in 1974, when he pleaded […]
A California state government group has issued a report calling for a multi-state consortium to advocate for removal of federal legal and regulatory roadblocks to financial institutions offering banking services to the marijuana industry. Additionally, […]
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