The Credit Union Share Insurance Fund Parity Act means IOLTA accounts are now covered by federal deposit insurance.
HUD Secretary Julian Castro, Rep. Shelley Moore Capito and Sen. Pat Toomey speak to NAFCU members.
The House defeats an anti-marijuana amendment and passes one that supports legal drug businesses.
Credit union groups paranoid DOJ could change its mind and reverse guidance that allows accounts for state-legal marijuana businesses.
Despite guidance from FInCEN and the DOJ, legal hurdles remain for state-legal marijuana business accounts.
WASHINGTON – The Colorado congressman said cash-only marijuana businesses risk robbery, assault, fraud and income tax evasion.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.
NAFCU's caucus speakers on Wednesday included a call to credit unions to do their own lobbying and not just rely on the trades.
A roundup of Nov. 6 results from the credit union industry perspective.