article thumbnail

SAFER Banking Act passes Senate Banking Committee: Will marijuana be re-scheduled under the Controlled Substances Act?

Abrigo

Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. While 38 states , along with Washington D.C., Virgin Islands , have legalized marijuana in some form , many banks and credit unions are reluctant to take on the risks associated with providing services to marijuana-related businesses.

article thumbnail

Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

and Puerto Rico banking laws and regulations. Founded in 1964, OFG's banking subsidiary, Oriental Bank , is one of Puerto Rico's largest banks, and is focused on the island and the U.S. Interesting that three of the top 5 have some sort of BaaS operation. And there are two Puerto Rican banks. Well done! #3

article thumbnail

How DraftKings Keeps Onboarding Security Swift And Out Of Sight

PYMNTS

Sports and fantasy sports gambling operations are a big deal in the U.S., The market has the potential to expand even further, too, as Puerto Rico is reportedly considering legalization. . with consumers betting more than $990 million in January alone.

Security 108