News Archives

The extraordinary advantage of local

The extraordinary advantage of local

In 1973 a critic of mainstream economic thought was published in Small is Beautiful: A Study of Economics As If People Mattered by E. F. Schumacher. The author espoused a principle that small, appropriate technologies, [...]

Visa, Mastercard, merchants reach settlement in interchange lawsuit

Visa, Mastercard, merchants reach settlement in interchange lawsuit

U.S. merchants, Visa, Mastercard and other financial institutions announced a settlement Tuesday in a lawsuit dating back to 2005 over credit card interchange fees. Visa and Mastercard will cap credit card interchange fees into [...]

Yellen endorses marijuana banking bill

Yellen endorses marijuana banking bill

Treasury Secretary Janet Yellen endorsed legislation last week that would provide financial institutions with a regulatory safe harbor if they serve marijuana-related businesses in states where cannabis is legal. Yellen told the House Appropriations Financial [...]