The establishment of a public cannabis bank in California would pose too great of a legal and financial risk to the State, according to a new independent report commissioned by the Cannabis Banking Working Group (CBWG), chaired by California State...
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December 28, 2018, 08:49 AM
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Congressman Tom Marino along with Representatives Doug Collins (R-GA), and David Cicilline (D-RI) introduced, H.R. 7190, the Small Business Reorganization Act (SBRA). Senate Judiciary Chairman Chuck Grassley (R-IA) and Senator Sheldon Whitehouse...
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December 05, 2018, 07:11 AM
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Recently proposed changes to how regulatory capital and liquidity is managed and reported at U.S. large regional banks continues the bifurcation of regulatory relief between Global Systemically Important Banks (GSIBs) and smaller peers, says Fitch...
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November 06, 2018, 07:00 AM
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New York has filed a court challenge against the Office of the Comptroller of the Currency’s decision to begin granting special-purpose national bank charters to a class of undefined “fintech” companies, including companies that do not accept...
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September 17, 2018, 08:11 AM
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Additional Business Development Companies (BDCs) are likely to seek board and/or shareholder approval to increase leverage to 2.0x from 1.0x following recent changes from the Small Business Credit Availability Act, which was signed into law on March...
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April 16, 2018, 07:08 AM
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A bipartisan group of Senate lawmakers are pushing legislation that would limit potential legal ramifications for banks interested in financing the marijuana industry in states where it is legal. As specified by the bill, a depository institution...
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March 19, 2018, 08:00 AM
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Business Development Companies (BDCs) that rely on Collateralized Loan Obligations (CLO) as a part of their funding strategies are asking the federal government to reconcile conflicting legal guidelines that they argue place unrealistic, competing...
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July 21, 2017, 08:18 AM
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