Fed’s Waller seeking ‘middle lane’ on ‘skinny’ master accounts
By ABA Banking Journal Staff
AI Summary
• Federal Reserve Governor Christopher Waller is seeking a 'middle lane' for the creation of 'skinny' accounts, acknowledging conflicting desires from banks and fintech firms.
• The proposal aims to address payment services through simplified account structures.
Texas Relevance
The article does not explicitly mention Texas or any Texas-specific entities. It focuses on a national regulatory discussion regarding 'skinny' accounts for payment services.
Original Content
Federal Reserve Governor Christopher Waller provided an update on the feedback the Fed received about a proposal to create “skinny” accounts for payment services, acknowledging that banks and financial technology firms want conflicting things from the proposed service. The post Fed’s Waller seeking ‘middle lane’ on ‘skinny’ master accounts appeared first on ABA Banking Journal .