reserve

A federal judge day dismissed a lawsuit filed by the Fourth Corner Credit Union against the Federal Reserve in hopes of providing banking services to the legal cannabis industry. In his ruling, Judge R. Brooke Jackson said Congress must provide the answer, stating, "I regard the [cannabis...

A federal judge said Monday he sympathizes with pot businesses faced with contradictory regulations, but he expressed misgivings about forcing federal officials to approve a marijuana credit union. U.S. District Judge R. Brooke Jackson made it clear at a court hearing that he was not inclined...

An attorney for the U.S. Federal Reserve has asked a federal judge in Denver to dismiss a companion lawsuit by Fourth Corner, saying that chartering a bank for marijuana businesses would be "criminal". At the center of the case is Fourth Corner Credit Union, a Colorado-based credit union set...