marijuana

Big Banks Balk, So Colorado Has Created A Credit Union For The Marijuana Industry

The Fourth Corner Credit Union seeks to end the reliance on cash in the legal cannabis business, which many see as dangerous.

by Alan Pyke for Think Progress

Big Banks Push To End Credit Unions’ Tax-Exempt Status

For-profit banks are lobbying Congress to change the rules as thousands of Americans switch to not-for-profit financial institutions.

Big Banks Push To End Credit Unions’ Tax-Exempt Status

Cooperatively run credit unions used by 96 million Americans could lose their tax exempt status if Congress approves a proposal from big banks to tax the not-for-profit financial institutions. Behind the push to impose a tax on credit unions is the American Bankers Association

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Occupy Movement Soldiers On, Launches Collective Banking Enterprise

Organizers hope the Occupy Money Cooperative will extend financial services to populations who would otherwise be excluded.

Occupy Movement Soldiers On, Launches Collective Banking Enterprise

Roughly 30 million U.S. citizens lack a bank account or have limited access to financial services. Banking fees, minimum account balances and other prohibitive policies have cut off nearly 10 percent of the public from services that most Americans take for granted.

Changing the

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Low-Wage Workers Get Pinched As Banks Impose Fees On Payroll Cards

Companies can save thousands of dollars by switching to a paperless prepaid card option while banks collect fees from card users.

Low-Wage Workers Get Pinched As Banks Impose Fees On Payroll Cards

Millions of low-wage workers are being hit with fees just to access their paychecks. It’s an increasingly common trend at companies that are turning to prepaid cards instead of paper paychecks or direct deposit to distribute wages.  Walgreens, Taco Bell and Wal-Mart have already adopted the prepaid cards for most employees, and many

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