Marijuana banking

Industry to Crapo: Detach pot banking from public health debate


The pot banking bill is a long shot after recent criticism by the Senate Banking chairman, but bankers are trying a new argument in a last-ditch effort to sway lawmakers.


The 2020 legislative docket: AML reform, GSEs, Dems v. regulators


The window to change beneficial-ownership rules or pass other measures will be narrow, but some legislative efforts from 2019 will carry over and House Democrats will resume inquiries of certain industry CEOs and Trump-appointed regulators.


Crapo's buzzkill, CFPB fair lending, Waters targets Wells: Top stories of the week


Sen. Mike Crapo delivers a crushing blow to pot banking efforts; the CFPB draws notice for its lack of fair lending enforcement; Rep. Maxine Waters says she will call on Wells Fargo board to testify next year; and more from this week's most-read stories.


California merger terminated over delayed regulatory approval


The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.


Pot banking backers stand firm in face of Crapo’s opposition


After Senate Banking Committee Chairman Mike Crapo poured cold water on legislation enabling banks and credit unions to serve the marijuana industry, several key supporters of the effort are pushing back.


Crapo delivers crushing blow to pot banking


The Senate Banking Committee chairman said he opposed a House bill that would give financial institutions legal cover to serve cannabis businesses.


Regulators ease hemp banking rules; alternative credit checks get the nod


Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.


Banking hemp no longer requires filing SARs: Regulators


The Financial Crimes Enforcement Network and other regulatory agencies confirmed that the recent legalization of the substance eases banks' anti-money-laundering requirements.


In partisan D.C., House banking panel flips the script


Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.


A tech solution to the pot banking problem


New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws.