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Weekly Roundup: House Approves Bill to Allow Marijuana Banking, OCC Fines Bank $500,000 for Poor Risk Assessment, and More
printThe U.S. House of Representatives voted 236-186 in favor of relaxing federal restrictions against holding bank accounts for marijuana businesses in states that have legalized its recreational use, the Associated Press reported Wednesday. The U.S. Treasury Department issued related guidance in February. More U.S. Secretary of State John Kerry floated the idea that passing new, triggered sanctions on Iran might unlock a nuclear deal, Al-Monitor reported, citing American lawmakers who attended a recent State Department meeting. The State Department denied the report. More A day after the U.S. Treasury Department deemed FBME Bank a "primary money laundering concern," the central...
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