Fed Backs Marijuana-Focused Credit Union February 5, 2018 AggregatedNews News & Insights 0 Comments Fourth Corner won’t serve dispensaries, focusing on ancillary businesses such as accountants and lawyers WASHINGTON—A Federal Reserve Bank has given conditional approval to a Colorado credit union to serve marijuana-related businesses, though to win the Fed’s backing it agreed to… Read More→
Judge Dismisses Denver Credit Union’s Lawsuit Against Federal Reserve January 5, 2016 AggregatedNews Banking, Finance & Real Estate, News & Insights 0 Comments A judge on Tuesday dismissed a lawsuit seeking federal approval for the first credit union for marijuana in Colorado, saying that allowing it "would facilitate criminal activity." U.S. District Judge R. Brooke Jackson said in a nine-page opinion that he… Read More→
Next Month, Fourth Corner Credit Union Will Get Its Day in Court October 29, 2015 Mark Goldfogel Banking, Finance & Real Estate, Colorado, Policy & Legal 0 Comments By Mark Goldfogel On Dec. 28, 2015, The Fourth Corner Credit Union will have its day in court. As a defense to the lawsuit, the Federal Reserve Bank of Kansas City argues this case is about the federal illegality of cannabis,… Read More→