Fintech groups are pressing the Fed to loosen payment access for non-banks, setting up a clash with banks over risk and crypto exposure.
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Fed’s limited master accounts pit crypto against traditional banks
The Federal Reserve plans to offer “skinny master accounts” to crypto and fintech firms with limited benefits.
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the ...
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too ...
The U.S. Federal Reserve took a first step toward establishing a more limited version of its so-called master accounts, welcoming input on how the central bank might formulate "payment accounts" that ...
A federal appeals court in Denver recently said it would be upholding the US Federal Reserve’s decision to deny Custodia Bank access to a master account. This is yet another setback for the ...
A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access.
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