article thumbnail

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 ).

Colorado 102
article thumbnail

The top-performing community banks of 2021

Independent Banker

Wyoming Bank & Trust. Reynolds points to BankSouth’s focus on innovation as a contributing factor. I don’t pass an opportunity to make a pitch for innovative ideas,” Reynolds says. First Western Federal Savings Bank. Rapid City. Bank of Montana. First Bank of Ohio. Ultima Bank Minnesota. The First State Bank. Elmore City.

article thumbnail

Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . Takeaway 3 Financial institutions should notify the FDIC of crypto-related activity and be familiar with the risks of the cryptocurrency world. . Crypto turbulence.