The Latest Breaking News from American Bankers Association

Watch as the US Treasury secretary addresses the American Bankers Association’s annual Washington Summit in DC.

WASHINGTON — Impact investors are ramping up their calls to federal agencies to protect financially vulnerable communities from the ramifications of climate change, with a particular focus on updating regulations implementing a 1977 anti-redlining law.

Advocates of ESG investing say only one financial regulator has made considerable progress in protecting the vulnerable from climate risk.

According to a poll released on Tuesday by the American Bankers Association (ABA), 65% of respondents said they favor allowing cannabis businesses to “access traditional banking services, like a checking account or business loan, in states where cannabis is now legal.” Only 15% of the respondents were against the policy,