News Topic: Marijuana banking
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10 must-watch regulatory battles
House includes pot banking provision in defense bill
Cannabis banking reform removed from U.S.-China bill
Perlmutter, driving force behind cannabis banking bill, to retire
Senators pressed to include cannabis banking in military spending bill
Libor, pot top bankers' fall wish list in Congress
Okla. man lied about pot business to open bank account, U.S. attorney says
Pot banking bill's prospects fade amid broader legalization push
Banks set to move in on credit unions' cannabis turf
Pot banking bill's closer to finish line, but Democrats could sabotage it
House passes pot banking bill with bipartisan support
Bipartisan group reintroduces landmark pot banking bill
The legislation easily passed the House in 2019 but was never considered in the Senate. Observers see a more promising path forward this time. ]] ... Read full article
First penalty for pot banking violations lands on credit union
Seven years after regulators issued guidance to financial institutions, a small Michigan credit union was ordered to stop opening new accounts for marijuana businesses. ]] ... Read full article
In pot banking, bigger isn't always better
With national banks awaiting federal decisions on marijuana banking policy, smaller institutions can capitalize on local laws. That’s the theory Colorado Ventures is putting to the test with a $5 million investment in AeroPay, which banks with Partner ... Read full article
Democrats’ sweep helps pot banking’s cause, but battle is far from over
The odds are better now that Congress will pass a bill to help financial institutions serve cannabis businesses, but the question of the legislative path forward has grown murkier. ... Read full article
‘COVID, COVID, COVID’: Pandemic set to dominate ’21 banking agenda on Hill
The Georgia runoffs and resulting balance of power in Congress will help determine which bills on bankers’ wish list gain traction. But regardless, existing coronavirus relief such as the Paycheck Protection Program and a push for more economic aid will ... Read full article
Pot banking could get new life on Toomey-led Senate panel
Sen. Pat Toomey, R-Pa., who would likely chair the Banking Committee if the GOP retains control of the chamber, signaled support for helping banks serve marijuana businesses. But he is skeptical of an anti-money-laundering bill backed by the industry and ... Read full article
Partisan gridlock appears intact. Why that's good for banks.
A final Senate breakdown still depends on the outcome in a few key races, but with Republicans closer to keeping power, Democrats' proposals to cap interest rates, create a postal banking system and establish a public credit reporting agency are ... Read full article
Payments firms see green as more states legalize pot
One area of certainty in the 2020 election is the momentum for legalizing cannabis, as a string of ballot box victories makes it harder for banks to avoid working with dispensaries and other legal marijuana businesses. ... Read full article