House GOP Blocks Pot Banking Provision; Amendment would have prevented federal regulators from pursuing enforcement actions

Financial institutions That Want to open their doors to potentially lucrative legal marijuana businesses suffered a blow last week after House Republicans blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against credit unions and banks dealing with...

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Bibliographic Details
Published in:	Credit Union Journal 2016-06, Vol.20 (13), p.8
Main Author:	McKendry, Ian
Format:	Article
Language:	eng
Subjects:	Agribusiness Appropriations Banking Banks (Finance) Commercial credit Federal regulation Financial services Marijuana Political aspects
Online Access:	Get full text
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Summary:	Financial institutions That Want to open their doors to potentially lucrative legal marijuana businesses suffered a blow last week after House Republicans blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against credit unions and banks dealing with the businesses in states with legalized pot.
ISSN:	1521-5105