banking news

The marijuana-related banking industry took major steps forward on September 27, 2023, when the Senate Committee passed the Secure and Fair Enforcement Regulation (SAFER) Banking Act after weeks of negotiations and revisions to reach a bipartisan agreement. The bill would secure access for marijuana-related businesses (MRBs) to financial institutions. Terri Luttrell and Michael O’Neill, aka “The Cannabis Banker,” join the podcast to discuss the future of the SAFER Banking Act and what it means for financial institutions. They’ll give predictions for marijuana’s de-scheduling, what to expect from regulators, and what banks can do to work safely with MRBs in the meantime.  

Helpful links: 

Blog: SAFER Banking Act passes Senate Banking Committee  

Webinar: Banking marijuana-related businesses  

Podcast: Ahead of the curve: A banker's podcast episode 3 - Cannabis lending - Abrigo 

July 12, 2023 | Your weekly dose of weekly business briefs in under 1 Minute.

This episode is brought to you by Premier Ridge Capital.
Build Generational Wealth As A Passive Investor In Multifamily Real Estate Syndication!
Visit www.premierridgecapital.com to find out more.

On this episode of xtnsbl podcast, host Christopher McClinton, Finxact CMO, is joined by Cody Sheflett, EVP & CIO, Primis Bank. Christopher and Cody discuss the bank's journey and what led to their remarkable achievement of one billion dollars in customer deposits in just six weeks. 

On this episode of xtnsbl podcast, host Christopher McClinton, Finxact CMO, is joined by Kevin Marin, Senior Product Manager, Finxact.  Kevin introduces Finxact Payment Rails and discusses the far-reaching implications of the convergence of Real-Time next-gen core platforms like Finxact and Real-Time payment networks like RTP and FedNow.

On this episode of xtnsbl podcast, host Christopher McClinton, Finxact CMO, is joined by Nathan Gilbert, Director of Training, Finxact. Watch below as they explore the learning portal and show how Finxact provides a modern learning experience for its next-gen banking core.

Introducing xtnsbl podcast, by Finxact. Join host Christopher McClinton, Finxact CMO, as he discusses the latest happenings at Finxact and beyond.