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nullc 3 days ago

> Would this prevent banks from targeting marijuana companies?

The EO isn't out yet-- it might. Might not.

Right now the incentives are such that banks are likely to crap on anything they think the federal government may not like, because there are infinity penalties available for displeasing the government and nothing but losing a customer on the other side.

So anything that shifts the balance at all may have a fairly broad effect at improving access to banking.

techpineapple 2 days ago | parent [-]

And we think the administration that had used all its weight to get educational institutions to do its bidding is going to apply this fairly? If so why is this an EO and not an act of Congress? (And the answer to c the marijuana question is no, not as long as marijuana is still illegal