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The Government Accountability Office determined that three Obama-era letters from the central bank related to large-bank supervision should have been submitted for congressional review.
October 23 -
The Senate Banking Committee chairman said he wants to revise legislation enabling banks to serve marijuana businesses to ensure it does not benefit vaping providers that have sparked safety concerns.
October 17 -
As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.
October 4 -
Democrats’ investigation of President Trump has darkened the horizon for legislative activity in Washington, but prospects for a pair of bipartisan measures backed by the industry are surprisingly bright.
October 3 -
The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.
September 25 -
One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.
September 25 -
Protections for industrial hemp were added to a cannabis banking bill that is expected to get a full House vote next week.
September 20 -
The Banking Committee chairman's comments have advanced legislative efforts, but questions remain about where he'll take the issue.
September 13 -
The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.
August 14 -
The head of the Senate Banking Committee invited the housing secretary to Idaho to discuss low-income housing shortages.
August 9