Credit union groups paranoid DOJ could change its mind and reverse guidance that allows accounts for state-legal marijuana businesses.
Despite guidance from FInCEN and the DOJ, legal hurdles remain for state-legal marijuana business accounts.
WASHINGTON – The Colorado congressman said cash-only marijuana businesses risk robbery, assault, fraud and income tax evasion.
NCUA officials still won't reveal the net amount received from the JPMorgan settlement. But their excuse sounds credible.
NCUA officials still won't reveal the net amount received from the JPMorgan settlement. At least their excuse sounds credible.
Non-profit group Better Markets says the DOJ did not publicly reveal settlement details, and questions its constitutionality.
WASHINGTON–Senate Judiciary Committee witness says Congress should follow Obama's 2011 plan that mandates breach reporting. Some businesses would be exempted.
WASHINGTON–Minnesota-based retailer considered chip-and-PIN 10 years ago for Target Visa REDcards, but scrapped it.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.