Browsing: Marijuana

ABA Banking Journal Podcast

Did you ever wonder what it’s like to be a banker on the Last Frontier? On the latest episode of the ABA Newsbytes Podcast, co-hosts Evan Sparks and Shaun Kern interview Michael Martin, EVP, COO and general counsel of Northrim Bank, a community bank based in Anchorage, Alaska, with branches across the far-flung 49th state.

Newsbytes

With state or local law in 29 states and the District of Columbia now permitting marijuana use for various purposes, a bipartisan group of 10 senators today asked the Financial Crimes Enforcement Network to issue additional guidance for financial institutions that provide indirect services to marijuana-related businesses.

Community Banking

Members of the Federal Reserve’s Community Depository Institutions Advisory Council — which includes several ABA member bank CEOs — raised concerns over the uncertain regulatory environment for innovation and bank-fintech partnerships and over growing regulations that directly harm the customer experience, according to minutes of the CDIAC’s last meeting released by the Fed.

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