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Another credit union buys a bank as industry groups sharpen criticism

American Banker

Gesa Credit Union in Washington agreed to acquire a 103-year-old community bank in Centralia, as it eyes opportunities for additional growth in the Pacific Northwest. In the District of Columbia, a bank group is calling for exit fees on banks selling to tax-exempt credit unions.

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Will The SAFE Banking Act Make Life Riskier For Banks?

PYMNTS

In fact, in the intervening 23 years, the situation has arguably gotten even more complex as 31 states (plus the District of Columbia) have legalized cannabis consumption for either legal or medical reasons. Plus, though it is mentioned less frequently, cash industries are notoriously hard to tax. High praise.

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Giving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why

PYMNTS

It ripples through the economy, the air we breathe and the communities that you and I call home,” Urrutia said, noting that according to a recent report on the lending program, it estimates the loan program has been responsible for over $470 million in additional annual downstream economic activity in California.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Though marijuana has been decriminalized for medical or recreational purposes in 29 states (and the District of Columbia) and 64 percent of the polled voting population supports marijuana’s legalization, pot remains very much illegal on the federal level as a Schedule 1 narcotic.

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242 Startup Failure Post-Mortems

CB Insights

Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs. Imzy was created by former Reddit employees Dan McComas and Jessica Moreno as a safer, friendlier version of the popular community site. Around 4 p.m.,

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