banking http://kuow.org en 'It's Really Terrifying:' Marijuana Businessman Steve DeAngelo On Running A Business In Cash http://kuow.org/post/its-really-terrifying-marijuana-businessman-steve-deangelo-running-business-cash <p></p><p>Ross Reynolds speaks with Steve DeAngelo, executive director of Harborside&nbsp;Health Services, a medical marijuana dispensary in California, about what it's like to run a $30 million business mostly on cash. Wed, 14 May 2014 22:28:27 +0000 Ross Reynolds & Posey Gruener 34471 at http://kuow.org 'It's Really Terrifying:' Marijuana Businessman Steve DeAngelo On Running A Business In Cash In Washington And Colorado, Bankers Are Entering The Marijuana Industry http://kuow.org/post/washington-and-colorado-bankers-are-entering-marijuana-industry <p>Posey Gruener speaks with Russ Rosendal, CEO of <a href="https://www.salalcu.org/">Salal Credit Union</a>, about why they decided to offer banking services to licensed marijuana growers in Washington state.</p><p>And, Ross Reynolds speaks with <a href="http://bigstory.ap.org/content/kristen-wyatt">AP reporter Kristen Wyatt</a> about Colorado lawmakers' <a href="http://bigstory.ap.org/article/colorado-lawmakers-approve-plan-pot-banking">approval of a financial system designed expressly for the Marijuana industry</a>. Fri, 09 May 2014 21:34:34 +0000 Ross Reynolds & Posey Gruener 34184 at http://kuow.org In Washington And Colorado, Bankers Are Entering The Marijuana Industry Marijuana Banking: Secretive But Poised To Grow http://kuow.org/post/marijuana-banking-secretive-poised-grow <p></p><p>Many marijuana business owners say they have bank accounts, but aren’t completely forthright with their bankers about the nature of their businesses. They claim to be in “consulting” or “medical research.”&nbsp; And they know they could lose those bank accounts suddenly, at any time, since federal law prohibits banks from holding any funds associated with illegal drugs.</p> Fri, 02 May 2014 14:17:28 +0000 Amy Radil 33648 at http://kuow.org Marijuana Banking: Secretive But Poised To Grow Can The Postal Service Help Unbanked Americans? http://kuow.org/post/can-postal-service-help-unbanked-americans <p>Marcie Sillman talks with Michael Barr, professor of law at the University of Michigan and author of "No Slack: The Financial Lives of Low-Income Americans," about possible solutions for Americans who don't use traditional financial services. Fri, 07 Feb 2014 23:04:36 +0000 Marcie Sillman & Christine Streich 28407 at http://kuow.org Can The Postal Service Help Unbanked Americans? Banks Remain Cautious, Washington Pot Entrepreneurs Turn To Cash, Bitcoin http://kuow.org/post/banks-remain-cautious-washington-pot-entrepreneurs-turn-cash-bitcoin <p>Attorney General Eric Holder <a href="http://www.politico.com/blogs/under-the-radar/2014/01/holder-feds-to-let-banks-handle-pot-money-181777.html#.UuHCdEX31g8.twitter">recently said </a>that legal marijuana businesses need access to bank accounts as a public safety issue. Bankers and pot entrepreneurs hailed those comments as an important step. But they said it will take a change in federal law to make banks truly open their doors. Mon, 27 Jan 2014 18:44:51 +0000 Amy Radil 27610 at http://kuow.org Banks Remain Cautious, Washington Pot Entrepreneurs Turn To Cash, Bitcoin Consumers May Start Seeing More Secure 'Chip' Credit Cards In 2014 http://kuow.org/post/consumers-may-start-seeing-more-secure-chip-credit-cards-2014 <a href="http://cpa.ds.npr.org/northwestnews/audio/2013/12/122713JR_ChipAndPin_web.mp3" class="asset-audio"></a><p>Northwest banks say 2014 may be the year consumers start to see a new generation of credit cards that are less prone to fraud.<p> Mon, 30 Dec 2013 15:35:34 +0000 Jessica Robinson 26248 at http://kuow.org Consumers May Start Seeing More Secure 'Chip' Credit Cards In 2014 Obama Will Tap Janet Yellen As Fed Chairwoman http://kuow.org/post/obama-will-tap-janet-yellen-fed-chairwoman The White House says President Obama intends to nominate Federal Reserve Vice Chairwoman Janet Yellen to chair the Federal Reserve, once Ben Bernanke completes his term in January.<p>If confirmed, Yellen, 67, would be the first woman to head the American central bank.<p>Obama is scheduled to make the announcement at 3 p.m. ET. Wednesday.<p><a href="http://online.wsj.com/article/SB10001424052702303442004579123933472523984.html"><em>The Wall Street Journal</em> reports</a>:<p><blockquote><p>"The nomination would conclude a long and unusually public debate about Mr. Tue, 08 Oct 2013 23:10:00 +0000 editor 21739 at http://kuow.org Obama Will Tap Janet Yellen As Fed Chairwoman Washington's Bank Willing To Accommodate Pot Revenue http://kuow.org/post/washingtons-bank-willing-accommodate-pot-revenue <p>Bank of America will handle proceeds connected to marijuana sales despite federal restrictions. Under federal policy, the government views money from marijuana sales as money laundering. Tue, 24 Sep 2013 17:28:45 +0000 Ross Reynolds 20891 at http://kuow.org Washington's Bank Willing To Accommodate Pot Revenue U.S. Senate To Hold Hearing On State Pot Legalization http://kuow.org/post/us-senate-hold-hearing-state-pot-legalization <a href="http://cpa.ds.npr.org/northwestnews/audio/2013/09/090913AJ_PotBanking_web.mp3" class="asset-audio"></a><p>The conflict between federal law and pot legalization in Washington and Colorado will be on the agenda in Congress this week.<p> Tue, 10 Sep 2013 14:46:51 +0000 Austin Jenkins 20062 at http://kuow.org U.S. Senate To Hold Hearing On State Pot Legalization Put Your Money Where Your Mouth Is: The Conversation Talks Economics http://kuow.org/post/put-your-money-where-your-mouth-conversation-talks-economics <p>We discuss the economy a lot on <em>The Conversation</em>. From the effects of the recession to financial planning, money is always in the news. Today, we rebroadcast some of our best interviews with economists and financial reporters, including a talk with Paul Krugman in front of a live studio audience.</p><p> Wed, 21 Aug 2013 13:00:00 +0000 The Conversation With Ross Reynolds 17827 at http://kuow.org Put Your Money Where Your Mouth Is: The Conversation Talks Economics Account Denied: Tough Standards Exclude Low-Income People From Banks http://kuow.org/post/account-denied-tough-standards-exclude-low-income-people-banks <p></p><p>Most people need bank accounts. But these days a relatively minor mistake like a bounced check can get you banned from a bank for up to seven years. Ross Reynolds talks to Jerry DeGrieck, the senior policy adviser to Seattle Mayor Mike McGinn, about how this is hurting low-income people who just need a way to cash their checks and keep money safe.</p><p> Thu, 01 Aug 2013 19:21:11 +0000 the conversation with ross reynolds 17793 at http://kuow.org Bellevue-Based Intellectual Ventures Now Targeting Financial Firms http://kuow.org/post/bellevue-based-intellectual-ventures-now-targeting-financial-firms <p>After numerous high-profile lawsuits against tech companies, a Bellevue-based patent company is now setting its sights on the financial industry.</p><p>On Tuesday, Intellectual Ventures announced it has filed lawsuits against two banks, JP Morgan Chase and Fifth Third Bank, for patent infringement. This is Intellectual Ventures’ second round of lawsuits targeting financial firms in the past week. On May 29, the company filed suit against First National Bank of Omaha and PNC. Wed, 05 Jun 2013 00:26:08 +0000 Deborah Wang 14334 at http://kuow.org Bellevue-Based Intellectual Ventures Now Targeting Financial Firms Living Off The Banking Grid http://kuow.org/post/living-banking-grid <p></p><p>It’s estimated that about 8.2 percent of US households don’t use bank accounts. Not only that — 20.1 percent of households are considered “underbanked,” meaning they use bank accounts but still opt for payday loans, check-cashing services and other alternatives. This is according to a recent survey by the Federal Deposit Insurance Corporation.</p><p>So why aren’t people using banks? Ross Reynolds talks to some of the un- and underbanked. Wed, 03 Apr 2013 19:00:00 +0000 Ross Reynolds 4771 at http://kuow.org Attorney Sarah Weddington On Reproductive Rights 40 Years After Roe V. Wade http://kuow.org/post/attorney-sarah-weddington-reproductive-rights-40-years-after-roe-v-wade <p>Roe v. Wade became the law of the land 40 years ago, but the battle over abortion rights continues today. The past two years saw <a href="http://www.guttmacher.org/media/inthenews/2013/01/02/index.html">new restrictions</a> on access to abortion in many states. <a href="http://www.pewforum.org/Abortion/roe-v-wade-at-40.aspx">A recent Pew poll</a> found steady public support for the Roe v. Wade decision, but there's also some confusion — more than half of those under 30 did not know what issue the case dealt with. Sarah Weddington argued Roe v. Wade before the US Supreme Court in 1971 and 1972. She joins us with an assessment of the present and future of women's reproductive rights.</p><p> Wed, 23 Jan 2013 17:00:00 +0000 Steve Scher 6991 at http://kuow.org Attorney Sarah Weddington On Reproductive Rights 40 Years After Roe V. Wade