Tammy Campbell
Aug 19, 2019

As a growing number of states legalize medical and/or recreational marijuana use—Illinois becoming the latest, effective January 2020—financial institutions must acknowledge that they may (and likely do) provide banking services for marijuana-related businesses (MRBs), intentionally or not. With 40 states and the District of Columbia legalizing marijuana use to some degree, financial institutions must take steps towards […]

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, seeks to tighten the reins on national banking institutions by strengthening the legal standards for the preemption of state laws, thereby making it harder for banks to avoid liability under state law.

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In March 2012, the Obama Administration announced its Big Data Research and Development Initiative.

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We recently celebrated the two hundredth birthday of Charles Darwin, who broke through the prejudiced views of the religious world of the Victorian era by being brave enough to say we were descended from apes.

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It is an understatement that the past few years have been a challenging time for banking institutions.

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As banks continue to make large expenditures on technology for anti-money laundering (AML) compliance, they would be well-advised to continue employing traditional due diligence and following long-standing and basic Know Your Customer procedures.

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With Dodd-Frank rulemaking slowing to a crawl (most recently a delay in finalizing the Volcker Rule) and ongoing debate in the European Union about where to go next with regulations in the wake of continued financial unrest, the only thing certain about future regulations is that there will be more and they will be increasingly stringent.

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When’s the last time you read the terms and conditions for your checking account? If you’re like most Americans, including me, the answer is probably never.

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I’ll admit it: in law school, I thought arbitration was b-o-r-i-n-g.

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