Marijuana Banking Bill Introduced in Senate
A bipartisan group of senators introduced legislation that would make it easier for credit unions and banks to provide financial services to marijuana-related businesses, reports David Baumann of the Washington CU Daily.
House Members Introduce Legislation to Lift MBL Cap During Crisis
Reps. Brad Sherman (D-Calif.) and Brian Fitzpatrick (R-Pa.) introduced legislation in Congress that would lift the credit union member business lending cap of 12.25% during the coronavirus economic emergency in order to allow credit unions to make more loans during the economic crisis, reports David Baumann of the Washington Credit Union Daily.
