Friday, July 9, 2021
9:00 am – 4:30 pm (Eastern Time)
8:00 am – 3:30 pm (Central Time)
7:00 am – 2:30 pm (Mountain Time)
6:00 am – 1:30 pm (Pacific Time)
On September 25, 2019, the U.S. House of Representatives passed, by a vote of 321 to 103 (with 90 Republicans voting in favor of the bill), the Secure and Fair Enforcement Banking Act of 2019 (SAFE Banking Act), H.R. 1595. While the SAFE Banking Act of 2019 died in the Senate, it still represented the first piece of stand-alone cannabis legislation to be voted on in Congress. The legislation, in short, would allow banks to work with cannabis businesses and their service providers without risk of violating federal law. In March 2021, the House passed H.R. 1996, The Safe Banking Act of 2021, by a margin of 321-101 where it now again sits in the Senate.
At the state level, federal and state agencies across law enforcement, food and drug safety, health, agriculture and banking are responding with new policies and regulations. As banks and other financial institutions are gearing up for potential massive involvement in the cannabis industry, it’s critical for banks to understand the challenges and best practices for banking these higher-risk customers.
This exclusive BankersHub event is divided into two parts:
Morning (9:00 am - 12:30 pm ET) - 3 LIVE Sessions, along with Q&A with speaker panel! (Playbacks of live sessions included FREE)
- Cannabis Basics for Financial Institutions
- BSA Perspective on Banking Hemp, CBD, Marijuana and Medical Marijuana Merchants
- Effectively Performing Your Risk Assessment on MRBs and HRBs
Afternoon (1:00 pm - 4:30 pm ET) - 3 Pre-recorded Sessions (playbacks always included FREE)
- Banking Hemp, CBD Oil, Marijuana and Medical Marijuana Merchants
- Legal Marijuana and the Workplace: What Employers Need to Know
- Lending to Hemp, CBD and Cannabis: Opportunities, Challenges and Hurdles
Join this exciting FULL DAY online Cannabis, CBD and Hemp symposium to get informed on what you and your institution need to know about this rapidly expanding industry.
(click on Agenda image below for PDF view)
MORNING: Live Instruction, followed by Q&A sessions. All sessions are recorded and playbacks included FREE with paid registration.
AFTERNOON: Pre-recorded Webinars, which can be viewed at time of airing, or anytime thereafter!
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance. Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.
6.0 CPE Credits & 7.2 AAP Credits