Hemp Banking Guidance to be Issued Soon by FDIC

November 8, 2019 16:00:17

On Tuesday, the FDIC told Banking Dive that within a week, the Federal Deposit Insurance Corp. (FDIC), The Office of the Comptroller of the Currency (OCC), the Federal Reserve and Financial Crimes Enforcement Network are developing interagency guidance on hemp banking for hemp-related businesses.

The FDIC also said that last week after the U.S. Department of Agriculture issued the draft rules, the bank regulators also hatched a plan to release…

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