Management would like to cautiously bank “just one really good” customer who is getting into cannabis sales. Can we ease into it like this, and if so, what should we focus on?
When are the FDIC’s revised rules effective?
I’m so confused! I keep hearing about the “SAFER Banking Act”. How is that different from the “SAFE Act” from several years ago? Is it being updated?
Will we have to change our existing FDIC Official Signs at teller windows?
If we use a vendor program to screen loan applications and they are insured against defects, we can use them, correct?
What is one example of AI going wrong in marketing?
I’m trying to understand the marijuana “Cole Memo” because my bank is thinking about banking cannabis customers. Is there more than one Cole Memo, and is it even still effective? It seems like a mess!
We don’t use conventional teller windows or stations in some of our branches. What will the new rules allow us to do with the FDIC Official Sign?
Will examiners be reviewing AI in exams?
Are safe deposit box services non-deposit products under this rule?