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Elevating Arts, Beats & Eats: House of Dank Introduces a Groundbreaking Cannabis Experience That Transforms Festival Culture

/PRNewswire/ Get ready to embark on an extraordinary journey of culture, creativity, and cannabis as House of Dank, an industry trendsetter, proudly returns. ....

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Bankjoy Announces Integration with Fiserv Portico

Bankjoy, a digital banking provider, today announced its integration with Fiserv Portico, a full-service account processing system. Through this integration, credit unions using Fiserv Portico will have greater flexibility to deploy Bankjoy’s world-class digital banking tools for their members. Bankjoy’s integration with Fiserv Portico will allow more credit unions to deliver ....

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Fraser credit union slapped with cease and desist over marijuana banking violations

Fraser credit union slapped with cease and desist over marijuana banking violations
Fraser credit union slapped with cease and desist over marijuana banking violations
Credit union must implement automated system by April 30
Cannot open new marijuana accounts until in compliance
Larry peplin for Crain s Detroit Business
Karla Haglund
Federal regulators wilted Live Life Federal Credit Union s growing marijuana business with a cease and desist order the first known federal crackdown on marijuana banking.
The U.S. National Credit Union Administration issued a cease and desist order in late February to the Fraser-based Live Life for failing to comply with reporting procedures. Credit unions are required to file Suspicious Activity Reports every quarter for all marijuana-related accounts. ....

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Michigan-Based Credit Union Receives Cease-And-Desist Order Over Cannabis Banking

The U.S. National Credit Union Administration issued a cease-and-desist order in February to
Live Life Federal Credit Union because it didn’t fulfill the required reporting policies in relation to its cannabis-related accounts, according to Crain s Detroit Business.
Credit unions must submit suspicious activity reports every quarter for all cannabis-related accounts, the report said.
What Happened: Karla Haglund, CEO of Fraser-based Live Life, confirmed the credit union failed to meet the reporting deadlines “we screwed up, she told Crain s.
Live Life joined the cannabis space at the end of 2018. Its total assets reached $69.2 million at the end of 2020 compared to $12.4 million at the end of 2017. ....

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Live Life Federal Credit Union

The U.S. National Credit Union Administration issued a cease-and-desist order in February to Live Life Federal Credit Union because it didn’t fulfill the required reporting policies in relation to its cannabis-related accounts, according to Crain s Detroit Business.
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