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Innovative state program helped marijuana industry
The Arizona Department of Health Services executed a swift and sane rollout of recreational marijuana just months after it was approved by voters. Now our attorney general has helped foster a way for these legal dispensaries to solve what was a highly problematic financial services challenge for the industry and a safety concern for the state.
Treasurer debate turns personal, testy
Republican treasurer candidate Kimberly Yee labeled a plan by Democrat contender Mark Manoil to have the state help rural financial institutions do more lending as "socialized banking.''
Big banks dominate lending market, but some find success with community banks
For many small businesses, it’s not the idea they struggle with, it’s getting the money to fund it.
Banking sans the small talk
As of this year, a customer can enter the Bank of America at 44th Street and Thomas Road drop off his latest deposit and leave – all without interacting with a human teller.
Banking Across the Border - North: Measure to increase lending to Canadians advances
With $3.7 billion in trade between Arizona and Canada, our neighbors to the north play a significant role in the state’s economy. That’s why the Arizona Bankers Association is pushing a bill to encourage Arizona financial institutions to lend more to credit-worthy Canadian borrowers seeking to do business here.
Banking Across the Border – South: Dollars can be a dirty word at banks on US-Mexico border
The clamor to crack down on laundering drug money was loud in 2010 when Wachovia National Bank was found to have let $110 million from Mexico be sent through its accounts. It grew two years later when HSBC Holdings PLC agreed to pay $1.9 billion to settle violations that included letting hundreds of millions of dollars from drug cartels flow through one of the worldai??i??s largest banks.
Arizona consumers succeed despite the state’s low ranking
Consumers in Arizona don’t want much from a bank. They simply require convenience — being close to their home or work, with online account access — and no service charges to maintain a regular checking account.
Rising back-to-school costs give Arizona families a lesson in economics
Chandler mom Lindsay Barnes already knows what the National Retail Federation is reporting in a recent study – it costs a lot to send kids back to school.
The Power of Money
New campaign finance laws could restore clout of business community
Business interests that once served as the gatekeepers of Arizona’s elections may be regaining some of the clout they lost during the Clean Elections era.
Insiders reveal practices of AZ banks that survived the crash
The old adage — “If it doesn’t kill you, it will make you stronger” — generally applies to biological organisms. But it could also apply to the financial system in Arizona, which has had 14 bank failures since 2009.
Senator proposes online voting for 2014
A bill to establish an online voting pilot program in time for the 2014 primary election is drawing bipartisan support in the Arizona State Senate.
Sen. Bob Worsley, R-Mesa, said the technology is readily available to ensure the safety and accuracy of online voting – an effort that could save the state millions of dollars in expenses racked up by mailing ballots to voters, he added.
Bankers file suit to challenge repeal of foreclosure law
A coalition of bankers has asked the Arizona Supreme Court to overturn the repeal of legislation enacted to benefit banks harmed by a wave of foreclosures. On Oct. 21, the Arizona Bankers Association has filed a petition for special action with the state's highest court in hopes of negating a provision included in state budget legislation that successfully repealed a foreclosure law signed into[...]
