House Passes Bill on NCUA Third-Party Authority and Marijuana Banking

House Passes Bill on NCUA Third-Party Authority and Marijuana Banking

Last week, the House of Representatives passed the National Defense Authorization Act. Emily Claus details what parts of the bill impact credit unions and what changes can be expected.

Read more
Prize-Linked Savings Allowed in Bill Passed by Pennsylvania House of Representatives

Prize-Linked Savings Allowed in Bill Passed by Pennsylvania House of Representatives

The Pennsylvania House of Representatives passed House Bill 331 sponsored by Representative Rosemary Brown (R-Monroe/Pike) allowing incentive-based savings programs and protecting financial institutions from offering cannabis-related business services, reports Esteban Camargo.

Read more
House Passes Marijuana Banking Measure for Sixth Time

House Passes Marijuana Banking Measure for Sixth Time

The House passed marijuana banking legislation for the sixth time, sending it to the Senate, where its fate remains uncertain, reports David Baumann of the Washington Credit Union Daily.

Read more
Defense Bill is Latest Forum for Marijuana Banking Fight

Defense Bill is Latest Forum for Marijuana Banking Fight

Marijuana banking, not bank access to military bases, may emerge as a major issue for credit unions as the Senate prepares to consider its version of the annual defense authorization bill, reports David Baumann of the Washington Credit Union Daily.

Read more
With a Little Help from Our Friends: What Credit Unions Can Do to Prepare for Cannabis Banking Partnerships

With a Little Help from Our Friends: What Credit Unions Can Do to Prepare for Cannabis Banking Partnerships

As the future of credit unions’ relationship with cannabis businesses lies in the hands of Congress, Stacy Brower details ways for credit unions to prepare for these accounts, should the SAFE Act pass.

Read more
Hood: Regulators Need to Develop Joint Cannabis Banking Policy

Hood: Regulators Need to Develop Joint Cannabis Banking Policy

NCUA Board member Rodney Hood called on federal banking regulators to begin developing a joint principles-based approach to marijuana banking, reports David Baumann of the Washington CU Daily.

Read more
Cannabis and Credit Unions: House Passes the SAFE Banking Act

Cannabis and Credit Unions: House Passes the SAFE Banking Act

On April 19, 2021, the House officially passed the SAFE Banking Act, which aims to protect financial institutions servicing cannabis accounts. Emily Claus covers the path of the legislation, where it goes from here, and what its odds of success are.

Read more