Compliance Action, Volume 24, Number 7
The USDA has issued an interim final rule on the Establishment of a Domestic Hemp Production Program that sets forth the detailed requirements for the establishment of legal domestic hemp production. What the rule doesn't address is whether or how financial institutions can legally and safely provide banking services to hemp-related businesses.
Following recent amendments to the SAFE Act, the CFPB has issued an interpretive rule relating to the Regulation Z screening and training requirements for mortgage loan originators with temporary authority when they are in transition from one job to another.
The Military Lending Act and the Servicemembers Civil Relief Act are similar laws in basic intent but different in most every other aspect. Refresher training for employees who are impacted by the two regulations should be part of your institution's training strategy.
In the Editor's Opinion
The Military Consumer
Complying with the laws that were established to protect them is one of the best ways to support our military and veterans who are serving and have served our country.
- GTOs for 12 Metro Areas
- FTC Military Credit Monitoring Rule
- Nissan Pays Penalty for Violating the SCRA
Compliance Q & A
USDA: Hemp Product Plans
- Nancy Castiglione, CRCM
- Editor Emeritus:
- Lucy H. Griffin, Esq.
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julie A. Gliha, MBA
Carl G. Pry
Robert G. Rowe, III, Esq.