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FEMA Looks At Blockchain To Aid Disaster Payouts

PYMNTS

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. to launch an alternative crypto-enabled payment infrastructure for residents across the region.

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Morning Scan: BofA's Stress Test Team; Hedge Funds Sue Puerto Rico GDB

American Banker

BofA has fallen short on the test three of the past five years, and the bank has opted this year to employ a manager, not a numbers cruncher, to lead the team working to satisfy the complicated and controversial post-crisis regulation. The Charlotte, N.C., firm was the…

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

And yet, beyond the patch quilt of states that have accepted marijuana sales, such transactions are illegal on a national level. That does not mean unfettered access for cryptos, as ICOs will not be on the table — but as reported, investors may move the equivalent of as much as $25 million into the region by 2021.