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What's up
  • [ July 30, 2026 ] Revised compliance guide lowers leverage ratio for community banks to 8% from 9% FDIC
  • [ July 30, 2026 ] Pair of bankers in different states prohibited after allegations of misappropriation of customer funds The Fed
  • [ July 30, 2026 ] Illinois bank, holding company, agree to enforcement action over shortcomings revealed in exam The Fed
  • [ July 27, 2026 ] FinCEN seeks financial institutions’ aid in rooting out student-loan fraud Other
  • [ July 24, 2026 ] FDIC updates consumer compliance exam manual FDIC
Homemarijuana

marijuana

NCUA

UPDATED: Hemp business-serving credit unions can provide ‘customary range’ of services, guidance from regulator states

August 19, 2019 0

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 […]

NCUA

Regulator won’t sanction credit unions taking deposits from legal cannabis-related business, chairman says

August 5, 2019 0

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 Fed

Powell, for first time, dodges query on WH contact about rates; says Fed would benefit from clarifying rules for serving cannabis-related businesses

February 26, 2019 0

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

Panel discusses bill barring regulators from actions against banks serving cannabis-related legit businesses

February 13, 2019 0

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 […]

No Picture

Hearing: House financial institutions subcommittee (Cannabis business banking)

February 8, 2019 0

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. […]

Legislation

Marijuana business banking set for consideration in House subcommittee hearing

February 6, 2019 0

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 […]

FDIC

After 1974 guilty plea for pot distribution, man wins in December consent to work again at financial institution

January 26, 2018 0

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 […]

Federal financial regulation

CA panel calls for multi-state approach for overcoming federal restrictions to cannabis business banking

November 8, 2017 0

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, […]

Today

  • Revised compliance guide lowers leverage ratio for community banks to 8% from 9%

    July 30, 2026 0
    An 8% leverage ratio requirement for community banks – down from 9% — is the key component of an updated compliance guide for the ratio’s framework, released Thursday by federal banking regulators. The lowered requirement for the community bank leverage [...]
  • Pair of bankers in different states prohibited after allegations of misappropriation of customer funds

    July 30, 2026 0
    Charges of misappropriation of customer funds at banks in Alabama and Montana have led to prohibitions of two former employees of the institutions, with their consent, the Federal Reserve said Thursday. In a release, the Fed said that Ralph A. [...]
  • Illinois bank, holding company, agree to enforcement action over shortcomings revealed in exam

    July 30, 2026 0
    Deficiencies in internal controls, risk management and more have led to an enforcement action against an Illinois bank and its holding company by the Federal Reserve, the agency said Thursday. According to the Fed, Iuka State Bank and its holding [...]
  • FinCEN seeks financial institutions’ aid in rooting out student-loan fraud

    July 27, 2026 0
    Financial institutions are encouraged to report suspicious account activity that could point to fraud targeting federal student aid programs, according to an alert from Treasury’s financial crimes enforcement unit. Friday, the Financial Crimes Enforcement Network (FinCEN) issued an alert on [...]
  • FDIC updates consumer compliance exam manual

    July 24, 2026 0
    Updates to violation codes, Truth in Lending Act (TILA) thresholds, Home Mortgage Disclosure Act (HMDA) loan-volume thresholds and more are reflected in the July iteration of the federal bank deposit insurer’s Consumer Compliance Examination Manual (CEM). The Federal Deposit Insurance [...]

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