Economic news

Fed finalizes guidelines for granting firms access to payment services

2022.08.15 21:53

Fed finalizes guidelines for granting firms access to payment services
FILE PHOTO: The U.S. Federal Reserve Building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed

WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Monday it had finalized guidelines for how it would review requests by banks, fintechs and other firms to access the central bank’s master accounts and payment systems.

The final product is substantially similar to earlier proposals the Fed floated in May 2021 and March, and would create a tiered review system that reserves the closest scrutiny to companies that lack federal deposit insurance and are not traditionally overseen by bank regulators.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 96,365.82 0.10%
ethereum
Ethereum (ETH) $ 2,796.08 3.86%
xrp
XRP (XRP) $ 2.57 0.82%
tether
Tether (USDT) $ 1.00 0.03%
bnb
BNB (BNB) $ 665.64 1.35%
solana
Solana (SOL) $ 171.64 0.36%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.245118 0.18%
cardano
Cardano (ADA) $ 0.775163 0.88%
staked-ether
Lido Staked Ether (STETH) $ 2,788.15 3.72%
tron
TRON (TRX) $ 0.242629 2.14%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,216.78 0.16%
chainlink
Chainlink (LINK) $ 17.92 2.04%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,335.69 3.90%
avalanche-2
Avalanche (AVAX) $ 25.62 2.40%
sui
Sui (SUI) $ 3.38 0.83%
stellar
Stellar (XLM) $ 0.333025 1.51%
litecoin
Litecoin (LTC) $ 127.09 1.97%
the-open-network
Toncoin (TON) $ 3.76 3.02%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 2.70%
leo-token
LEO Token (LEO) $ 9.72 0.16%
hedera-hashgraph
Hedera (HBAR) $ 0.213909 1.12%
mantra-dao
MANTRA (OM) $ 8.72 15.70%
usds
USDS (USDS) $ 1.00 0.02%
hyperliquid
Hyperliquid (HYPE) $ 24.40 1.43%
weth
WETH (WETH) $ 2,796.07 3.80%
polkadot
Polkadot (DOT) $ 5.06 1.28%
bitcoin-cash
Bitcoin Cash (BCH) $ 329.66 3.71%
bitget-token
Bitget Token (BGB) $ 5.10 2.08%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,963.72 3.83%
uniswap
Uniswap (UNI) $ 9.06 2.51%
monero
Monero (XMR) $ 237.58 2.41%
near
NEAR Protocol (NEAR) $ 3.45 0.21%
pepe
Pepe (PEPE) $ 0.00001 3.82%
whitebit
WhiteBIT Coin (WBT) $ 27.45 0.32%
aave
Aave (AAVE) $ 248.58 1.39%
bittensor
Bittensor (TAO) $ 432.75 0.69%
ondo-finance
Ondo (ONDO) $ 1.14 0.56%
aptos
Aptos (APT) $ 6.11 1.03%
internet-computer
Internet Computer (ICP) $ 7.18 1.42%
dai
Dai (DAI) $ 0.999636 0.03%
official-trump
Official Trump (TRUMP) $ 16.26 0.51%
ethereum-classic
Ethereum Classic (ETC) $ 20.71 1.33%
mantle
Mantle (MNT) $ 0.916683 2.87%
tokenize-xchange
Tokenize Xchange (TKX) $ 38.00 2.81%
okb
OKB (OKB) $ 49.43 0.62%
gatechain-token
Gate (GT) $ 23.33 0.68%
susds
sUSDS (SUSDS) $ 1.04 0.02%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 96,455.84 0.01%