The Federal Reserve proposed 'skinny master accounts' giving eligible fintech and crypto firms limited direct access to Fedwire and FedNow payment systems.

The Federal Reserve seeks public comment on a new 'skinny master account' proposal with balance caps, no credit access, and a 90-day review process.

The Federal Reserve proposed 'skinny master accounts' giving eligible fintech and crypto firms limited direct access to Fedwire and FedNow payment systems.