News Topic: Pot Banking
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Fall legislative preview: Risk and reward ahead for banks in runup to midterms
Cannabis banking reform removed from U.S.-China bill
Cannabis banking bill gets bipartisan Senate push
Can pot banking bill pass with a lame-duck champion?
House signs off on pot banking bill again, but will Senate follow?
Pot banking will never be easy, credit union veteran warns
Banks happy to let cardholders buy weed online, lawyers say
Lawyers defending two men accused of defrauding banks into processing pot purchases said banks including Citigroup and Bank of America were happy to look the other way when customers used their credit and debit cards to buy marijuana online. ]] ... Read full article
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
Partner Colorado CEO stepping aside to focus full-time on pot banking
Sundie Seefried, one of the credit union industry's foremost experts on cannabis banking, will transition to a new role this summer, leading a new venture serving the legal marijuana space. ... Read full article
North Bay's pot banking business gets a boost from new partnership
A recent agreement with the California Cannabis Industry Association will make it easier for legal cannabis businesses across the state to join the $92 million-asset credit union. ... Read full article