Fed seeking public comment on 'skinny' Fed accounts for payment services

The Federal Reserve Board requested public comment on a so-called "payment account" that financial institutions would use ...

Fed moves closer to 'skinny' payment accounts for crypto banks

In October, Fed Governor Christopher Waller floated the idea of a “skinny” master account tailored for innovation-focused ...

Fed Weighs Payment Account As Agency Seeks to Embrace Innovation

The Federal Reserve requested public input on a new type of payment account, which eligible firms could use for the limited purpose of clearing and settling their payments.
American Banker

Fed seeks public input on 'skinny' master account concept

The Fed is exploring whether to create a limited payments account for certain eligible entities, an initial step that could lead to a formal rulemaking down the road. Expert Quote: "These new payment ...

Fed seeks feedback on limited 'payment accounts' for some firms

The U.S. Federal Reserve announced Friday it was seeking feedback on establishing limited "payment accounts" for some financial firms, that would grant access to Fed payments services for clearing and ...
Law

'Fed Has Gone Too Far': Tenth Circuit Rules Fed Can Lawfully Turn Away Crypto Banks

The Federal Reserve can lawfully turn away crypto banks seeking access to its payment system, a federal appeals court ruled Friday, siding with the central bank’s discretion to protect the financial ...
CoinTelegraph

Fed mulls ‘skinny’ payment accounts to open rails for fintech, crypto companies

The US Federal Reserve is considering the introduction of a new type of payment account that would make it easier for smaller companies to participate in the central bank’s payment system, signaling ...
Benzinga.com

Fed Proposes Letting Stablecoin Issuers Access Banking System Directly Without Banks

The Federal Reserve (Fed) has unveiled plans to grant stablecoin issuers and fintech companies direct access to its payment infrastructure without requiring partnerships with traditional banks. The ...
Forbes

Stablecoins And ‘Skinny’ Payment Accounts For Fintechs At The Fed

Federal Reserve Governor Christopher Waller has proposed that the Fed offer “payment accounts” to fintech companies with banking charters so that they can settle payment transactions directly at the ...
American Banker

Waller proposes creation of 'skinny' master account

Federal Reserve Governor Christopher Waller on Tuesday proposed the creation of a new type of Fed account that would give nonbank entities involved in payments, such as crypto payment firms, access to ...
Benzinga.com

US Appeals Court Backs Fed's Decision to Deny Custodia Bank a Master Account

A federal appeals court in Denver has upheld the Federal Reserve's right to deny crypto-focused bank Custodia access to a master account, delivering a major blow to the Wyoming-based institution's ...