Government Relations Policy Updates

Hope for Banking Marijuana in Congress

Posted November 19, 2018

Democratic control of the House has raised hopes that the possibility exists for Congress to provide a safe harbor for banks to serve marijuana businesses or even a broader bill to remove pot from the list of controlled substances.

Senate Confirms Bowman to Federal Reserve Board

Posted November 19, 2018

The Senate has confirmed Kansas State Banking Commissioner Michelle Bowman as a member of the Federal Reserve Board. She becomes the first person to fill the vacant community banking seat, which was mandated by Congress. Bowman, nominated in April, is the first person confirmed to the Fed seat reserved for a community banker.