Convenience Store Owner Stands Firm Against Outrageous IRS Money Grab, and the IRS Blinks
The feds drop a forfeiture case that violated their own policies.
Banking
Bill Barhydt Has a Bold Plan to Use Bitcoin and the Sharing Economy To Boost the Flow of Cash Into Third World Countries. Will Regulators Stand in the Way?
Bitcoin has the potential to take the friction out of sending money abroad, but delivering on that potential isn't easy.
IRS Steals $107,000 From Convenience Store Owner, Violating Its Own 'Structuring' Policy
The deposits were too small, so the government cleaned out his bank account.
Senators Pitch a Bill Legalizing Medical Marijuana in States That Allow It
The CARERS Act would eliminate federal interference with patients and providers.
U.S. Makes Another Awful Decision to Harm Somalis
Continuing crackdown on U.S. remittances to the Somalia endangers innocent lives.
IRS Steals Widow's Money Because Her Deposits Were Too Small
The agency's new, more enlightened "structuring" policy seems to have a big loophole.
Marijuana Credit Union Still Waiting for the Fed's Approval
An attempt to provide cannabusinesses with banking services could be blocked by bureaucratic resistance.
Cannabis Cash Conundrum, Continued
Serving marijuana merchants is still a big gamble for banks.
Yellen: The Flogging of the Fed's Fiscal Policy Will Continue Until Morale Improves
Low interest rates ahoy!
The Answer to Detroit's Problems: Rich Guys Calling Each Other to Discuss Their 'Neat' Ideas
J.P. Morgan "rolls up its sleeves" and gets to work in saving Detroit.
3 Ways to Get More Americans Into Banking (That Don't Involve the U.S. Postal Service)
Policymakers should get out of the way and let entrepreneurs offer financial services that fit the needs of low-income Americans.
Bankers Still Wary of Accepting Legal Marijuana Trade Money
New DOJ memo not enough of a comfort
New York to Regulate Bitcoin: Is the Cryptocurrency Biz Like "the Wild West?"
Highlights from this week's hearings on virtual currency.
Who Is This Myra Lady and Why Does She Want My Money?
President Obama proposes a federally managed retirement program.
JPMorgan Chase To Pay $1.7 Billion To Madoff Ponzi Scheme Victims
Largest penalty in history for Bank Secrecy Act violation
Banks Agree to Debt Deal with Detroit
Will cut $55 million from contract that is immune to bankruptcy re-negotiations
Banks Could Sue Target Over Credit Card Breach
To help pay for the costs incurred cleaning up after the hacking mess
Detroit May Sue Banks to Get Better Debt Deal
Over controversial credit swap meant to deal with pension problems
JPMorgan Faces Fines over Madoff Fraud Case
$2 billion for not warning authorities about suspicious behavior
Former Bosses of Icelandic Bank Handed Jail Terms
Accused of concealing that an investor bought a stake with money lent from the bank
JPMorgan Patents Payment System Similar to Bitcoin
Could there be a new cryptocurrency rival?
European Central Bank President Calls For Governments To Complete Banking Union
Mario Draghi is also pushing for economic reforms
