Marijuana banking

'Petulant children playing with matches': Comments of the week


Readers react to House lawmakers attempting to overhaul the credit bureaus, express sarcasm to the Senate Banking Committee eyeing cannabis banking, criticize Sen. Elizabeth Warren's plans to overhaul Wall Street and more.


Pot banking hearing is on Crapo’s radar


The head of the Senate Banking Committee said the panel could examine an industry-supported cannabis banking bill "relatively soon."


Fintech MX gets $100 million in funding to expand operations


The fast-growing fintech, which says its mission is helping banks be better consumer advocates, will use its cash infusion for hiring, software development and new partnerships.


House passes pot banking amendment to spending bill


The House passed a spending bill amendment aimed at providing further clarity to banks looking to provide services to cannabis businesses.


Truist's rough landing, BB&T-SunTrust opportunist, AML cheat sheet: Top stories of the week


Hard sell ahead for BB&T-SunTrust as ‘Truist’ lands with a thud; Citizens looks to poach BB&T-SunTrust talent; what the Senate AML bill means for banks; and more from this week’s most-read stories.


Legalizing pot may be only way to lift cloud over pot banking


Recent legislation zeroes in on letting financial institutions serve cannabis businesses in states where the substance is legal, but banks may stay on the sidelines if the federal ban on pot remains in place.


Regulators are open to banks serving hemp businesses: Fed's Bowman


Nominated for a full term at the central bank, Michelle Bowman told senators that bankers should not fear repercussions for servicing hemp growers after the crop was legalized.


Mnuchin vows probe of Deutsche Bank’s AML procedures


As Democrats keep the heat on the German bank over allegations that it suppressed reporting tied to Trump businesses, the Treasury secretary said he will direct the Financial Crimes Enforcement Network to look into the matter.


Backers of pot banking bill see the finish line in House


The legislation faces a tougher path in the Senate where GOP leaders are reluctant to ease restrictions on what is still a banned narcotic.


Slowdown, CRE, BB&T-SunTrust: What has bankers on edge


Ask 453 bankers their forecasts on loan demand and the economy, or their feelings about the BB&T-SunTrust merger, pot banking as well other hot issues, and a clear picture emerges. Promontory Interfinancial Network recently did just that, and here our five takeaways from the results.