Remove Compliance Remove Lending Remove Regulation Remove Wyoming
article thumbnail

Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. Today’s cryptocurrency platforms also offer crypto-backed loans, allowing users to leverage their portfolios as loan collateral in a system similar to securities-based lending.

article thumbnail

All Pain, No Gain

Independent Banker

Since then, community banks have been struggling to understand all of the regulation’s various complex “moving parts” and how to best comply with it, says James Kendrick, vice president for accounting and capital policy at ICBA. ICBA also is pressing regulators to use their oversight discretion to exempt community banks without legislation.