Browsing: skinny

Key Insight: Federal Reserve Gov. Christopher Waller said fintechs want greater access to the Fed’s payment rails, while banks stress strict oversight and safeguards for nonbank…

Key Insight: Feedback from representatives of the fintech and crypto industries warn that access restrictions and balance caps could curb the innovation and independence the account…

Processing Content Key Insight: The Fed is exploring whether to create a limited payments account for certain eligible entities, an initial step that could lead to…

Key insight: Federal Reserve Gov. Christopher Waller’s comments suggest the barriers to nonbank firms acquiring a “skinny” Fed master account — a concept Waller himself introduced…