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Banking News
State Associations Urge Cannabis Hearings in Senate (5/21/2019) 
The 51 state bankers associations urged the Senate Banking Committee to hold hearings on legislative solutions to the conundrum faced by banks in states where marijuana has been legalized.
 
ABA Calls for CECL Delay, Quantitative Impact Study in Letter to Rep. Meeks (5/16/2019) 
In a letter to Rep. Gregory Meeks, ABA reiterated its call for a delay in the implementation of the current expected credit loss accounting standard until a quantitative impact study can be conducted and the full economic effects of CECL can be deter
 
House Financial Services Committee Advances BSA/AML Bill (5/10/2019) 
The House Financial Services Committee voted to advance H.R. 2514—an ABA-backed bill introduced by Rep. Emanuel Cleaver (D-Mo.) that would modernize the BSA/AML framework.
 
State AGs Call for Legal Clarity on Banking Legitimate Cannabis Businesses (5/9/2019) 
In letter to congressional leaders, a bipartisan group of 38 state attorneys general urged lawmakers to advance legislation allowing banks to serve marijuana-related businesses in states where the drug is legal.
 
Banks Ease Standards, Terms for C&I Loans to Large, Midsize Firms (5/7/2019) 
A small net percentage of banks reported easing standards and terms for loans to large and midsize firms in the previous quarter, while on net no banks eased standards for small businesses.
 
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