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fintech regulation

Fed Revives ‘Payment Account’ Plan; Tier 3 Reviews Paused

September 12, 2026May 29, 2026 by Bruno M.
Fed Revives ‘Payment Account’ Plan; Tier 3 Reviews Paused

The Fed re-proposed a limited ‘payment account’ for non-bank fintechs and novel-charter institutions, freezing Tier 3 master-account reviews.

Categories Federal Reserve & Rates Tags capital markets, fed master account, fintech regulation, narrow banks, tier 3 institutions

Fed Floats ‘Payment Accounts’ to Let Fintechs Onto Its Rails

September 12, 2026May 21, 2026 by Bruno M.
Fed Floats ‘Payment Accounts’ to Let Fintechs Onto Its Rails

Fed proposes a new ‘payment account’ for fintechs: direct payment rails, no intraday credit, no IORB, hard balance caps. 60-day comment period.

Categories Federal Reserve & Rates Tags capital markets, custodia bank, federal reserve, fintech regulation, master account, payment accounts

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