banking
Democrats urge feds to update banking ‘red flags’ on legal marijuana businesses
The federal government unfairly penalizes state-legal marijuana businesses whose owners have been convicted of marijuana-related crimes, restricting them from loans and other banking tools, a group of U.S. Senate and House Democrats wrote to the Treasury Department asking for a change in policy. The group of 20 lawmakers, who mostly represent states where recreational marijuana is legal, […]
Fed’s fault-finding on bank failures could lead to stronger regulations
New banking regulations proposed by federal watchdogs don't go far enough in countering potential problems, but will help, advocates say.