Fed’s Waller seeking ‘middle lane’ on ‘skinny’ master accounts
By ABA Banking Journal Staff
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Operational Brief
• 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.
Why It Matters for Texas Credit Unions
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.
Who this most likely affects
Limited site guidance: Institutions should review this based on their own products, size, vendors, and supervisory posture.
The item has some Texas or operational relevance signals, but the site does not yet have enough support to narrow it to one institution profile with confidence.
This is site guidance, not a formal determination. ABA Banking Journal and the original source material remain the governing reference.
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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 .