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Fed ‘skinny’ account idea draws criticism
Yahoo Finance· 2026-02-09 09:44
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. A proposed Federal Reserve “skinny” account will be hobbled if regulators don’t allow fintech companies access to FedACH, fintech trade groups said last week in comments to the Federal Reserve. Meanwhile, banking groups urged the Fed to proceed cautiously with its so-called prototype payment account. The Fed published the proposal in December, seeking public comme ...