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Financial Services Weekly News: House Passes Cannabis Banking Bill

In This Issue. The U.S. House of Representatives voted to approve the SAFE Banking Act, which would permit banks to serve cannabis-related businesses in states where it is legal; the Securities and Exchange Commission (SEC)...more

DOL Issues Final Rule Increasing Minimum Salary For Overtime Exemptions

..Based on the Department of Labor’s Final Rule, the minimum annual salary level for most employees covered by the “white collar exemptions” from the Fair Labor Standards Act’s overtime pay requirement will increase from...more

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