ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Newsbytes

Nichols: SAFE Banking Act Is ‘Thoughtful, Commonsense Public Policy’

September 27, 2019
Reading Time: 1 min read

In an interview with Bloomberg TV today, ABA President and CEO Rob Nichols commended House lawmakers for passing the bipartisan SAFE Banking Act—a bill that would enable banks to serve customers in states that have legalized cannabis—earlier this week and expressed optimism for the bill’s prospects in the Senate.

Nichols noted that the industry is already engaged in a “thoughtful dialogue” with Senate Banking Committee Chairman Mike Crapo (R-Idaho) and other lawmakers about moving the SAFE Banking Act or a similar bill through the Senate in the coming weeks. “Taking care of that discrepancy between state and federal law, that’s exactly what Chairman Crapo is going to do,” Nichols said. “It’s off to a very bipartisan start.”

Nichols also addressed the recent liquidity crunch in the repo markets, noting that some of the post-crisis regulatory reforms have limited banks’ ability to engage in the capital markets, which contributed to liquidity issues. “The good news is, there is at least an appreciation on the part of the regulatory leaders here in Washington that some tailoring and some tweaks could be achieved here.”

ADVERTISEMENT
Tags: Marijuana
ShareTweetPin

Related Posts

Office overseeing federal contractors offers opportunity to object to release of diversity data

EEOC opens collection of EEO-1 data; submission deadline June 24

Compliance and Risk
May 22, 2025

Survey requires private employers with 100 or more employees and federal contractors with 50 or more employees to submit data on employees’ gender, race and ethnicity annually to the EEOC.

Mortgage rates fall

Mortgage rates rise

Economy
May 22, 2025

The rate for a 30-year fixed-rate mortgage was 6.86% this week. The rate for a 15-year fixed-rate mortgage was 6.01%.

NAR: Pending home sales slipped in May

Existing home sales fall in April

Economy
May 22, 2025

Existing home sales slid 0.5% in April to a seasonally adjusted annual rate of 4 million, the National Association of Realtors reported. Sales dropped 2% from a year ago.

ABA unveils key policy priorities for 2025

Budget bill passed by House includes multiple banking industry priorities

Ag Banking
May 22, 2025

The House narrowly passed a reconciliation budget package with several tax provisions supported by ABA. The legislation next heads to the Senate.

ABA-advocated SAFE Banking Act introduced in House, Senate

House committee advances multiple banking-related bills

Newsbytes
May 22, 2025

The House Financial Services Committee advanced nine bills supported by ABA, covering issues ranging from bank merger applications to regulatory tailoring.

Banker op-ed: Durbin-Marshall credit card bill will hurt small businesses

ABA, state bankers associations: Keep credit card rate cap out of stablecoin bill

Newsbytes
May 22, 2025

A proposed amendment to add a credit card rate cap to an unrelated bill on stablecoin regulation would devastate credit access for millions of consumers and small businesses, the ABA and 52 state bankers associations said.

NEWSBYTES

EEOC opens collection of EEO-1 data; submission deadline June 24

May 22, 2025

Mortgage rates rise

May 22, 2025

Existing home sales fall in April

May 22, 2025

SPONSORED CONTENT

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025
Six Payments Trends Driving the Future of Transactions

Six Payments Trends Driving the Future of Transactions

March 15, 2025
AI for Banks: A Starter Guide for Community and Regional Institutions

AI for Banks: A Starter Guide for Community and Regional Institutions

March 1, 2025

PODCASTS

Podcast: Accelerating banking for quick-service restaurants

May 8, 2025

How a Georgia community bank supports government-guaranteed lending nationwide

May 1, 2025

Podcast: Quantum computing’s shakeup in payments, cybersecurity

April 24, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.