Five senators propose legislation that would protect financial institutions serving cannabis businesses.
I read Marv Ulmholtz’ newsletter regularly and the June 22 edition did not disappoint. I split about 50/50 as far as agreeing or disagreeing with his views, but I enjoy his writing style, including referring to himself as “this correspondent.”
Senate vote expected at 2 p.m. today; sources report that measure delaying interchange cap within a few votes of passing.
If you don’t tell people what is on your mind, they’ll never know. The credit union industry has taken this to heart on the interchange issue.
Two members of the Senate Banking Committee wrote Federal Reserve Chairman Ben Bernanke asking him to "create a workable small issuer exemption," in the debit interchange rule that the Fed is writing.
When Senate Banking Committee Chairman Christopher Dodd (D-Conn.) leaves office at the end of the year, he will be one of at least three members of the committee departing Congress.