Association spearheads DFS guidance on marijuana banking


The state Department of Financial Services has issued guidance for state-chartered financial institutions that wish to serve the legal marijuana and hemp industries in New York. Notably, the guidance encourages state-chartered financial institutions to establish banking relationships with properly run marijuana businesses, and it explains that the DFS will not take regulatory action against institutions that provide financial services to fully compliant marijuana-related businesses.

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Albany Mayor Kathy Sheehan will attend State GAC

Albany Mayor Kathy Sheehan will make an appearance at the 2018 State Governmental Affairs Conference. During the conference, Sheehan is expected to present a proclamation recognizing and commending credit unions for their community-service work.
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