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Cannabis Law Reform Gains Momentum In Congress

PYMNTS

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. The spread of legal cannabis has major payments problems because federal law considers the drug illegal.

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Swiss-UK Agreement Sends Strong Signal for Open Financial Markets

Fintech News

Switzerland and the United Kingdom signed an agreement to create more efficient and globally competitive conditions for cross-border trade in financial services with the new “Berne Financial Services Agreement” (BFSA). The agreement requires approval by the parliaments of both countries before it can enter into force.

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Indonesia’s Bank Commonwealth to Face Mass Layoffs Following OCBC Takeover

Fintech News

They highlighted issues such as the merging of pension payments with severance packages, which they argue might not comply with Indonesian legal standards. The union also criticised the severance pay formula for not including a fixed benefit component, which is typically required under local labor laws.

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AI can help manage payments law

Payments Source

The technology can quickly sift through and analyze contracts, nondisclosure agreements and other legal documents, says InCloudCounsel's Troy Pospisil.

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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. billion in sales over the last five years, with April and May of this year the highest-grossing months since legalization.”. Legal retail cannabis may be spreading throughout the U.S.,

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Strategizing Corporate Legal Departments’ Invoice Payments

PYMNTS

While opportunities for supply chain finance and dynamic discounting can be found across verticals, demand for these capabilities is particularly high in the corporate legal services industry. “It’s a very symbiotic relationship between the in-house legal department and outside counsel,” he told PYMNTS in a recent interview.

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Binance to Add 1,000 Roles, Prioritising Compliance Amid Regulatory Challenges

Fintech News

plea agreement. Binance has already handled 63,000 law enforcement requests in 2024, up from 58,000 in the previous year, underscoring the increasing regulatory scrutiny. Despite these efforts, Binance still faces significant legal challenges, including a lawsuit from the U.S.