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What's up
  • [ December 19, 2025 ] Debit, prepaid card transactions slowed down in 2021-23 – but interchange fees grew, Fed report finds The Fed
  • [ December 19, 2025 ] Fed wants comments on new payment account, ‘tailored’ to meet ‘limited needs’ of banks, credit unions The Fed
  • [ December 19, 2025 ] Banks’ Q3 trading revenue up 12.7% over year ago, OCC reports OCC
  • [ December 19, 2025 ] Agency releases latest version of CECL accounting tool for use by small credit unions NCUA
  • [ December 18, 2025 ] NCUA 2026 budget set at $316.2 million, down 20% from 2025 NCUA
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

  • Debit, prepaid card transactions slowed down in 2021-23 – but interchange fees grew, Fed report finds

    December 19, 2025 0
    Debit and general-use prepaid card transactions grew at a slower rate in the period 2021-23 than previous periods, the Federal Reserve said Friday, and interchange fees have been rising. In its biennial, statutorily mandated report on debit card transactions, summarizing [...]
  • Fed wants comments on new payment account, ‘tailored’ to meet ‘limited needs’ of banks, credit unions

    December 19, 2025 0
    A new “payment account” — tailored to meet the limited needs of eligible financial institutions seeking payments and settling services – is being considered by the Federal Reserve, and the agency said Friday it wants comments on the idea. In [...]
  • Banks’ Q3 trading revenue up 12.7% over year ago, OCC reports

    December 19, 2025 0
    U.S. commercial banks and savings associations had $18.4 billion in cumulative trading revenue in the third quarter of this year – $1.8 billion (10.9%) more than the previous quarter and $2.1 billion (12.7%) more than a year ago, the national [...]
  • Agency releases latest version of CECL accounting tool for use by small credit unions

    December 19, 2025 0
    The latest version of a tool for navigating current expect credit loss (CECL) accounting requirements for small, complex credit unions was released Thursday by the federal credit union regulator as part of a quarterly update. The tool is an option, [...]
  • NCUA 2026 budget set at $316.2 million, down 20% from 2025

    December 18, 2025 0
    The combined budgets of the National Credit Union Administration (NCUA) in 2026 will total $316.15 million, about $2.36 million more than proposed but 20% below the agency’s 2025 budget, according to action apparently taken Wednesday and announced in Thursday’s open [...]
  • NCUSIF still expected to close 2025 at 1.3%

    December 18, 2025 0
    No change in the projected year-end equity ratio of the National Credit Union Share Insurance Fund (NCUSIF) is offered in the latest briefing on the fund, provided during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. The [...]
  • Expecting rule change at Fed, agencies say they will no longer issue annual notice warning of insider lending restrictions

    December 18, 2025 0
    Two federal banking agencies will no longer issue an annual letter to banks outlining their expectations for compliance with insider lending restrictions and related reporting requirements, an effort toward “greater certainty,” they said in a joint letter issued Thursday. Instead, [...]
  • Comptroller terminates six enforcement actions, including one against Citibank

    December 18, 2025 0
    A 2024 amendment to an earlier consent order against Citibank, N.A., was among six terminations of orders issued by the national bank regulator in December and released Thursday. The order terminations were the only enforcements reported by the Office of [...]
  • Agency decides to clear the books of bulletins, other issuances made over 40-year period

    December 18, 2025 0
    Fifty-five outdated or replaced bulletins and other issuances – including advisory letters, circulars, and more — were rescinded by the national bank regulator Thursday; the issuances were published over a 40-year period, the regulator said. In addition, the Office of [...]

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