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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

Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. Wyoming Bank & Trust. A: We strategically positioned ourselves to take advantage of the market. We’ve been the number one SBA lender in our market for the past two years, so we were well positioned to assist our clients with the PPP program.

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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. ? . A new and unpredictable market.