AFC Backs Fed Payment Account Framework with Reform Recommendations

Why it matters

The AFC's formal recommendations on the Fed's Payment Account Framework represent a notable regulatory engagement by a fintech trade body, potentially influencing oversight and eligibility standards, but lack immediate systemic or market-wide impact.

Sources

• The Fintech Times

  AFC Backs Fed Payment Account Framework with Reform Recommendations

  The US fintech trade body submitted formal recommendations urging proportionate oversight and clearer eligibility standards for the Federal Reserve's new Payment Account The post AFC Backs Fed Payment Account Framework with Reform Recommendations appeared first on The Fintech…