NCUA Chairman Debbie Matz was among the recipients of a letter from four senators seeking guidance for financial institutions looking to serve marijuana-related businesses.
Senators Jeff Merkley (D-Ore.), Patty Murray (D-Wash.), Michael Bennet (D-Colo.) and Ron Wyden (D-Ore.) penned a letter asking the heads of federal financial regulators to collaborate with FinCEN to provide guidance to financial institutions looking to provide financial services to MRBs.
The letter cited the difficulty that MRBs experience in accessing financial services and how they subsequently become cash-only operations.
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