Colorado medical marijuana business owners are hoping a proposal to create their industry’s own financial institution will gain support among Colorado lawmakers.
The medical marijuana industry was hit hard last year as banks continued to shut them out of their accounts.
Sen. Pat Steadman, D-Denver, said he plans to introduce a bill next week that would create [...] [...]
The national and state economic climate is still tough, and it’s difficult to believe Colorado banks might be past the worst and on the road to better days.
But as the year comes to a close, there are a number of positive signs for the Colorado banking industry in 2012.
Out of state banks believe Colorado is [...] [...]
The price of oil surged to $101 per barrel Wednesday, as the U.S. and other countries tried to make it easier for banks to lend money and keep the global economy growing.
The Federal Reserve said it will team up with the European Central Bank, the Bank of England and the central banks of Canada, Japan [...] [...]
Colorado Springs medical marijuana business owners are desperately writing letters to every bank in the country asking if they will accept their business.
About 150 dispensary owners across the state are searching for a bank that will take their accounts, said Tanya Garduno, president of the Colorado Springs Medical Cannabis Council and owner of Medical Cannabis [...] [...]
Banks might have increased their fees, but consumers aren’t paying them.
A majority of consumers have managed to avoid paying fees, according to the American Bankers Association.
An ABA survey found that 71 percent of bank customers don’t pay any fees, and 82 percent of customers pay $3 or less per month in fees for checking account [...] [...]
Colorado Springs marijuana dispensary owners might resort to stuffing their money in mattresses if no changes are made to federal regulations that bar banks from doing business with them.
In recent weeks, dispensaries across the state received notice from Colorado Springs State Bank that they have until Sept. 30 to clear out their accounts. The bank, [...] [...]
The Credit Union of Colorado is expanding in Colorado Springs with a $1 million service center in the Marketplace at Austin Bluffs.
The Denver-based credit union has been in Colorado Spring for years, operating a small service center at 3609 Austin Bluffs Parkway, but the service center lacked tellers and other traditional branch services.
That will change [...] [...]
by Rob Larimer Published: May 25,2011
Tags: banking
The number of FDIC-insured banking institutions in Colorado dropped from 145 in March 2010 to 112 in March this year, according to the Federal Deposit Insurance Corp.
Assets decreased from $51.8 billion to $44.8 billion, and deposits decreased from $44.4 billion to $38.8 billion.
The number of full-time banking employees in the state also fell from [...] [...]
Proposed debit card regulations have pitted the nation’s financial institutions against retailers — but consumers could be the ones caught in the middle.
At issue is more than $12 billion in annual debit card processing fees, money that merchants pay to banks to process debit card transactions.
The regulations, part of the Dodd-Frank legislation that added oversight [...] [...]
When it comes to connecting potential investors with micro- and small-cap companies, Accredited Members Holding Corp. has been compared to a dating service.
One of less than a handful of publicly traded companies in Colorado Springs, Accredited Members (OTCBB: ACCM) is far better known outside the region than in it.
“They represent one of those companies in [...] [...]
Loading ...
