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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. While he said he also supports a safe harbor for FIs, he told the committee that “the current conflict between state and federal law has created a cloud of uncertainty for community and regional banks.”

Oregon 230
article thumbnail

SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. While he said he also supports a safe harbor for FIs, he told the committee that “the current conflict between state and federal law has created a cloud of uncertainty for community and regional banks.”

Oregon 115