Fed seeks ‘skinny’ account comment

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: The Federal Reserve Board on Friday voted to seek public comment on what would be a new, limited-use bank payment account that could be used by eligible banks and credit unions, according to a press release from the central bank that day. The vote in favor was 6-1, with a dissenting vote from Federal Reserve Gov. Michael Barr, who said in a separate ...