A new proposed rule from the Federal Trade Commission (FTC) seeks to ban all employers, on a nationwide basis, from entering into, attempting to enter into, maintaining, or representing to a worker that the worker is subject...more
Millions of Americans have already received their “economic impact payment” under the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27, 2020....more
At the start of 2020 (a little over 90 days ago), the cannabis industry anticipated that this would be the year for major cannabis reform at the state level....more
New Jersey, Ohio, and Massachusetts have proposed legislation to provide a means for businesses to recover losses related to the coronavirus if the business is of a certain size and had business interruption insurance at the...more
The last few weeks have been very rough on borrowers, particularly in the hospitality and retail industries. Although there are a lot of unknowns surrounding COVID-19 and its impact on our health and economy, we do know that...more
The spread of COVID-19 across the globe has created immediate and dynamic concerns for the financial sector, which are beginning to trigger financial repercussions unlike anything since the Great Recession began in 2007/2008....more
House Speaker Jose Oliva announced on February 13, 2020, that establishing THC limits in all medical marijuana products sold to patients in Florida is a priority for the Florida House of Representatives this year. ...more
3/3/2020
/ Agribusiness ,
Constitutional Amendment ,
Decriminalization of Marijuana ,
Florida ,
Marijuana ,
Medical Foods ,
Medical Marijuana ,
Plant Based Products ,
Public Health ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Standards ,
State and Local Government ,
State Constitutions ,
THC
In the latest chapter of the ongoing saga of the U.S. Senate’s consideration and hopeful passage of the Secure and Fair Enforcement (SAFE) Banking Act, on February 7, 2020, the Credit Union National Association (CUNA) sent a...more
2/14/2020
/ Anti-Money Laundering ,
Banking Regulators ,
BSA/AML ,
Cannabis-Related Businesses (CRBs) ,
Credit Unions ,
Decriminalization of Marijuana ,
Depository Institutions ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Money Laundering ,
Proposed Legislation ,
Regulatory Agenda ,
Senate Banking Committee
On January 21, 2020, the four lead bipartisan sponsors of H.R. 1595, the SAFE Banking Act, U.S. Reps. Ed Perlmutter, D-Colo., Steve Stivers, R-Ohio, Denny Heck, D-Wash., and Warren Davidson, R-Ohio, sent a letter to Senate...more
1/28/2020
/ Agribusiness ,
Anti-Money Laundering ,
BSA/AML ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
Credit Unions ,
Decriminalization of Marijuana ,
Dispensaries ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Hemp Cultivation ,
Hemp Related Businesses ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Money Laundering ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Oversight
Federal bank regulators no longer require banks to submit suspicious activity reports (SARs) for legally authorized hemp business transactions, absent another required circumstance....more
12/13/2019
/ Agribusiness ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Deregulation ,
Dispensaries ,
Farm Bill ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Financial Transactions ,
Global Market ,
Hemp ,
Hemp Cultivation ,
Hemp Related Businesses ,
Interstate Commerce ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Pending Legislation ,
Regulatory Agenda ,
Regulatory Oversight ,
Suspicious Activity Reports (SARs)
The distribution and sale of cannabis continues its charge from taboo to mainstream. Cannabis-related commerce will reach billions of dollars annually in the next few years. Everything from medicinal and recreational...more
11/5/2019
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Consumer Insurance Products ,
Financial Institutions ,
Financial Services Industry ,
Hemp ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Pending Legislation ,
Plant Based Products ,
Regulatory Agenda ,
USDA
Sens. Jeff Merkley and Cory Gardner have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act as a companion to House bill HR 1595....more
4/18/2019
/ Decriminalization of Marijuana ,
Dispensaries ,
Financial Institutions ,
Legislative Agendas ,
Liability ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Proposed Legislation ,
Regulatory Oversight ,
Retailers
On March 28, 2019, the House Financial Services Committee voted overwhelmingly (45-15) to advance H.R. 1595, known as the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The bill seeks to protect financial...more
The attorney-client privilege is one of the cornerstones of the legal profession. Despite the privilege’s sacrosanct nature, there are exceptions to the well-established rule that the communications between an attorney and...more
IN THE SPOTLIGHT
· Is your Company Ready to Comply with Encryption of Individually Identifiable Health Information?
LIFE INSURANCE
· STOLI Schemers Must Make Good on Damages Caused
· At the State Level, Is a Fixed-Index...more
4/10/2015
Mortgage servicing duties are routinely transferred, requiring lenders, servicers and financial institutions to rely on the prior servicer’s business records to prove their cases against borrowers – specifically, to prove the...more