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Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Takeaway 1 Cryptocurrency has been able to offer good interest rates on high-yield savings accounts and secured loans with no credit check. . Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . Cryptocurrency's appeal to consumers.

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Bitcoin Daily: US Regulators Join Global Financial Innovation Network; Colorado Explores Crypto Banking For Cannabis Firms

PYMNTS

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Jack Tate told CoinDesk.

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The top-performing community banks of 2021

Independent Banker

Brazos National Bank. Cumberland Security Bank, Inc. Douglas National Bank. First Security Bank of Deer Lodge. Wyoming Bank & Trust. FSNB, National Association. Pioneer Trust Bank, National Association. AMG National Trust Bank. HNB National Bank. Leader Bank, National Association.