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
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