Pot credit union takes aim at agencies that denied account, insurance
But the Financial Crimes Enforcement Network branch of the U.S. Department of Justice laid out a system in which banks can take on pot businesses so long as they keep detailed records of those transactions. Still, many banks refuse cannabis clients …
Read more on The Denver Post

FBME to challenge FinCEN's ruling in court
THE decision by the US Department of Treasury's Financial Crimes Enforcement Network, also known as FinCEN, to prohibit US financial institutions from opening or maintaining correspondent accounts or payable through accounts for or on behalf of FBME …
Read more on Cyprus Mail

Western Union Business Solutions and Aptys Solutions Announce New …
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, …
Read more on CNNMoney

TCI ePay is Changing the Way Oilfield Service Companies and Oilfield Suppliers …
TCI ePay gives buyers a streamlined way to eliminate paper checks, migrate to ACH and pay their suppliers much faster. Furthermore, a built-in “Pay Me Now” interface delivers an early-pay option for suppliers where they can get paid in under 24 hours.
Read more on PR Web (press release)

Cannabis credit union in Denver sues Federal Reserve over rejection
A cannabis-centric credit union is going after the Federal Reserve after its application to open a “master account” was rejected. Fourth Corner Credit Union (TFCCU) in Denver wants to be the first to provide financial services to the marijuana industry …
Read more on Yahoo Politics

Bank of England or Federal Reserve: Who will move first on interest rates?
The Federal Reserve is expected to move first on rates – Highcharts Cloud Months until rate hike expected by markets The Federal Reserve is expected to move first on rates Source: Columbia Threadneedle Investments Bank of England Federal Reserve …
Read more on Telegraph.co.uk

Federal Reserve Responds To A 'Bump' By Letting Reserve Balances Increase
The Federal Reserve allowed commercial bank "excess reserves" to rise by almost $ 130 billion last week, the largest increase in bank reserve balances since the end of round three of quantitative easing. The increase in reserve balances in the banking …
Read more on Seeking Alpha