“This historic, bipartisan legislation will address a public safety issue facing consumers, businesses, and financial institutions around the country,” said CUNA President/CEO Jim Nussle.
“MnCUN supports having protections in place for credit unions that might want to serve businesses in the current medicinal market in Minnesota or future markets that may emerge,” said MnCUN President & CEO Mark D. Cummins. “We’d like to thank the House for passing the bill and will continue to encourage our Senators to support its passage in that body.”
The bill passed the House on a strong bipartisan vote of 321-101, with 7 of Minnesota’s 8 members of the House voting in support. The Senate version of the bill was introduced last month and both Minnesota Senators Klobuchar and Smith are listed as co-sponsors.
The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information.
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