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What's up
  • [ January 30, 2026 ] Trio of small banks end deposit insurance, including 121-year-old Alabama former S&L FDIC
  • [ January 30, 2026 ] NCUA IG will report on travel card audit later this year, letter shows NCUA
  • [ January 29, 2026 ] OCC agrees to clarify which documents from Basel Committee recommendations be treated as records OCC
  • [ January 29, 2026 ] Revised digital FDIC insurance sign rules effective March 2; compliance deadline April 1 FDIC
  • [ January 29, 2026 ] Fed Board appoints 7 to insurance policy advisory group The Fed
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

  • Trio of small banks end deposit insurance, including 121-year-old Alabama former S&L

    January 30, 2026 0
    Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. (FDIC) said First Community Bank [...]
  • NCUA IG will report on travel card audit later this year, letter shows

    January 30, 2026 0
    Noting it “did not issue any reports with recommendations” related to the agency’s charge card programs in fiscal 2025, the National Credit Union Administration told the federal budget office it is currently conducting an audit related to its travel card [...]
  • OCC agrees to clarify which documents from Basel Committee recommendations be treated as records

    January 29, 2026 0
    Clarifying which documents created for, or received from, the international committee that advocates bank capital standards should be treated as records by the national bank regulator was recommended by the congressional watchdog said Thursday. In a report of findings, the [...]
  • Revised digital FDIC insurance sign rules effective March 2; compliance deadline April 1

    January 29, 2026 0
    A final rule amending regulations for the digital display of a bank’s federally insured status is set to take effect March 2, with compliance required by April 1, according to a notice Thursday in the Federal Register. The rule, approved [...]
  • Fed Board appoints 7 to insurance policy advisory group

    January 29, 2026 0
    Seven members were selected to serve three-year terms on a panel that provides information and advice to the Federal Reserve Board on domestic and international insurance issues, the Fed announced Thursday. The seven members include four new members and three [...]
  • Round 4 of credit union dereg push focuses on non-member savings, cancellation of excess insurance, max borrowing authority, disclosure of insurance coverage

    January 27, 2026 0
    A fourth set of proposals to reduce credit union regulation was issued Tuesday by the federal regulator, focusing on non-member savings accounts, cancellation of supplemental deposit insurance, maximum borrowing authority and disclosure of savings insurance coverage. The National Credit Union [...]
  • NCUA announces 2026 leadership team list

    January 27, 2026 0
    The federal credit union regulator announced its top leaders and staff in a release Monday. National Credit Union Administration (NCUA) Board Chairman Kyle Hauptman, a Republican, has been the agency’s lone board member since President Donald Trump’s (R) firings last [...]
  • ‘Repurposing’ of ‘unspent, past years’ budgets’ leads to lower credit union fees to fund agency

    January 23, 2026 0
    Fees paid by credit unions in 2026 to fund their federal regulator will fall by an average of 24.6%, the agency said Friday, calling this the result of reductions in staffing, rearrangement of expenses and crediting of “unspent collections” of [...]
  • Small CA credit union conserved by NCUA

    January 23, 2026 0
    The $16.5 million-in-assets Beverly Hills City Employees Federal Credit Union, Beverly Hills, Calif., was conserved Thursday by the National Credit Union Administration (NCUA), the agency said in a release. In its announcement late Thursday, the NCUA said member services will [...]

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