This bill sends a message to regulators that they should never tell a bank to shut down an account because they don’t like the type of business that the bank is holding that account for. So that’s a second piece of this bill, section 10, is saying to regulators, ‘you are not moral police.’ If a company is legal and they don’t have financial concerns, then it’s improper to tell them to shut down the account for that business.
www.bankingdive.com/news/cannabis-banking-bill-passes-senate-safer/694923/
Views: 154