NEWS on Payments

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Faster Payments Push in Overdrive as Fed Nears Decision

Jul 25, 2019
19.07.24_Fed_ad_150pxICBA reiterated its call for the Federal Reserve to develop its own real-time payments settlement system in a new letter to the Fed and an ad running today in Beltway publications.

In a letter to Fed Chairman Jerome Powell, ICBA President and CEO Rebeca Romero Rainey said the Fed is uniquely positioned to provide equitable access to real-time payments. The ad, which is running today in Politico and The Hill, calls on policymakers to stop the megabank monopoly on real-time payments.

With the Fed nearing its decision on real-time payments, ICBA is pulling out all the stops and continues urging community bankers to weigh in with the Fed and Congress using ICBA's Be Heard grassroots action center.

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