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NAFCU, CUNA Support Pot & Remote Notarization Amendments to House Bill

Adding the SAFE Banking and SECURE Notarization Acts would provide CUs protection and guidance, the trade groups say.

Dome of U.S. Capitol in a black and white photo. Source: Shutterstock.

Credit union trade organizations NAFCU and CUNA have asked U.S. House of Representatives leadership to add two important amendments to the FY23 National Defense Authorization Act (NDAA) scheduled for a floor vote this week. Those amendments involve cannabis banking legislation and remote online notarization.

NAFCU and CUNA, along with the Independent Community Bankers of America (ICBA) and the American Bankers Association (ABA), jointly sent a letter to Reps. Nancy Pelosi (D-Calif.) and Kevin McCarthy (R-Calif.) on Wednesday to show their support of adding the SAFE Banking Act and the SECURE Notarization Act to the NDAA ahead of the full vote.

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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