The October 2026 WBA Compliance Journal provides information about changes to the federal definition of “hemp” that will cause some hemp-derived cannabinoid products to become illegal in the upcoming weeks. WBA Legal provides considerations from a banking perspective to help members better prepare for the potential impact on certain business customers and on banks’ business risk decisions involving those impacted customers. Summaries of recently released agency rules and guidance are also provided, including a recommendation for banks to double-check their loan system to be sure rate changes are made correctly for variable-rate loans.
