Grassroots needed on cannabis banking, Durbin Amendment

While the National Defense Authorization Act excludes ICBA-advocated cannabis banking legislation and ICBA-opposed language to expand the Durbin Amendment, the debate over both initiatives continues.

Cannabis Banking: Through ICBA’s Be Heard grassroots action center, community bankers can continue calling on lawmakers to pass the SAFE Banking Act, which would establish a cannabis banking safe harbor in states where cannabis is legal.

Durbin Amendment: ICBA is also encouraging community bankers to urge opposition to legislation that would extend the Durbin Amendment to credit cards, imposing new costs, raising security risks, and ending credit card rewards programs.

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