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Weekly Roundup: Mastercard Tackles Marijuana, BNP Paribas Under US Investigation, and More

Mastercard sent cease-and-desist letters to banks and payment processors demanding they stop allowing customers to use debit cards sponsored by the company to buy marijuana from state-licensed retailers, The Washington Post reported. More U.S. regulators are investigating whether BNP Paribas violated record-keeping requirements after the lender's employees used unapproved, private messaging applications during the course of their work, The Wall Street Journal reported. More Puerto Rico's Banco San Juan Internacional is suing to stop the New York Federal Reserve from terminating the lender's master account amid the agency's ongoing crackdown on financial institutions that maintain ties with the Venezuelan government,...

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