Tuesday, March 26, 2019

Joint Trade Group Letter Urges Support of Cannabis Banking Bill

The American Bankers Association (ABA) and the Credit Union National Association (CUNA) sent a joint letter to members of the Committee on Financial Services on March 25 in support of the Secure and Fair Enforcement Banking Act (H.R. 1595).

The bill is being marked up on March 26 in the House Financial Services Committee.

“Although we do not take a position on the legalization of marijuana, our members are committed to serving the financial needs of their communities—including those that have voted to legalize cannabis,” wrote ABA President and CEO Rob Nichols and CUNA President and CEO Jim Nussle.

Read the letter.

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