FinCEN

Rep. Emanuel Cleaver, D-Mo., says he is concerned that banks are freezing accounts of customers if they aren't providing citizenship information.

First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal.

The Treasury secretary told lawmakers that the government needs “to strike the right balance” on Bank Secrecy Act requirements while determining the best way to collect details about account holders.

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat.

The legislation unveiled this week left out a requirement — included in an earlier version — for new companies to report their true owners.

Security Group was fined $5 million for abusive collection tactics; the Dutch payments company is now valued at nearly $16 billion.

Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.

California lawmakers have voted to authorize the establishment of state-chartered banks for the limited purpose of serving the marijuana industry.

Treasury Secretary Steven Mnuchin said that banking records of President Donald Trump's lawyer Michael Cohen appear to have been leaked from a database maintained by his department.

Deadlines imposed by U.S. and EU regulators are giving banks intercontinental whiplash.