The Federal Reserve Bank of Kansas City finds itself in the middle of a heated debate about the legalization of marijuana, as the target of a lawsuit filed by a credit union seeking to serve the industry.
The Kansas City Fed denied Fourth Corner Credit Union — a state-chartered credit union founded in Colorado in 2014 — a nine-digit routing transit number to create its master account. Because the credit union can't operate without that routing number, it filed suit Thursday in federal court.
In…
The Federal Reserve Bank of Kansas City finds itself in the middle of a heated debate about the legalization of marijuana, as the target of a lawsuit filed by a credit union seeking to serve the industry.
The Kansas City Fed denied Fourth Corner Credit Union — a state-chartered credit union founded in Colorado in 2014 — a nine-digit routing transit number to create its master account. Because the credit union can't operate without that routing number, it filed suit Thursday in federal court.
In…