SAFE Banking Act

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BRIEFLY: SAFE Banking Act falls short of NDAA bill; watch for dues notices!

(Dec. 10, 2021) The latest version of the National Defense Authorization Act (NDAA) – must-pass, annual legislation that includes funding for the military, among other things — does not include...

SAFE Banking Act hits snag in Senate

(Nov. 19, 2021) A new hurdle emerged in the Senate this week to legislation that would provide clarity to financial institutions seeking to serve legitimate cannabis businesses: disagreement about whether...

State leaders urge cannabis bill move forward

(Nov. 12, 2021) A bipartisan group of 24 governors and other top officials called on the Congress this week to include the SAFE Banking Act – legislation supported by the...

BRIEFLY: House gives OK (again) to SAFE Banking Act; CECL session on technical issues set for May 20; Help in paying Medicare tax for employers offered

(April 23, 2021) The House passed NASCUS-backed legislation this week (again) aimed at providing a safe harbor for financial institutions seeking to serve legitimate cannabis-related businesses in states where the...

BRIEFLY: Today is ‘joint ownership share accounts’ rule day; Cannabis safe harbor bill to be intro’d (again); PPP deadline extended to May 31; NCUA plans BSA/AML webinar April 14; Reminder: Pierre Jay Awards presented April 22

(March 26, 2021) Today is the effective date of NCUA’s new rule on joint ownership share accounts, which essentially permits the use of records other than signed membership cards or...