CBA in the News
California Bankers Association in the News
Read the latest news on the association and our members.
LA adopts new rules for banks wanting to hold the city’s money
Listen and read the KPCC 89.3 story here.
A Waters-led banking panel may not be the scourge banks fear
Read the American Banker article here.
Proposed US banking fix for marijuana may not open all doors
A proposal in Congress to ease the U.S. ban on marijuana could encourage more banks to do business with cannabis companies, but it appears to fall short of a cure-all for an industry that must operate mainly as a cash business in a credit card world.
Read the Associated Press story here.
Bill would allow limited-service banks for cannabis businesses
By Mark Anderson – Staff Writer, Sacramento Business Journal
Apr 20, 2018,
A bill before the California Senate would seek to create limited-service banks and credit unions for the cannabis industry, which is largely banned from using the regular banking system.
Call Kurtis Investigates: How Do I Cash Unused Traveler’s Checks?
Watch the story here, on Sacramento’s local CBS affiliate.
Cannabis conundrum: What to do with billions of dollars that banks won’t touch
By Mark Anderson – Staff Writer, Sacramento Business Journal
he billions that will be generated from California’s soon-to-be-legal recreational marijuana industry cannot be banked legally.
And that presents a real conundrum for companies that sell pot.