Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Justice Department reverses marijuana enforcement policy
The Department of Justice announced yesterday that it has issued a memo on federal marijuana enforcement policy announcing a return to the rule of law and the rescission of previous guidance documents. Justice's press release said that, since the passage of the Controlled Substances Act (CSA) in 1970, Congress has generally prohibited the cultivation, distribution, and possession of marijuana. In the memorandum, Attorney General Jeff Sessions directs all U.S. Attorneys to enforce the laws enacted by Congress and to follow well-established principles when pursuing prosecutions related to marijuana activities. The memo to United States Attorneys includes a list of five previous guidance documents being rescinded, including "Cole #2," issued on February 14, 2014, to all U.S. Attorneys, "Guidance Regarding Marijuana Related Financial Crimes."