Finextra

JUNE 17, 2025

The federal bank regulatory agencies today announced a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud.

Request for Comment 52

Request for Comment Fed Mitigation Checks 52

PYMNTS

DECEMBER 18, 2018

According to a report in the American Banker citing a letter submitted by a trade group representing Amazon, Apple, Google, PayPal , Square , Stripe and Intuit , they all expressed their support for the Fed being in charge of the development of a system that can connect all the banks and credit unions in the U.S. to speed up payments.

Real Time Payments 83

Real Time Payments Fed Federal Reserve Payment Networks 83

Faster Payments Council

SEPTEMBER 17, 2019

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. The clock is ticking. And, that's no small task, as I mentioned previously.

FPC 68

FPC FedNow Fed Request for Comment 68

PYMNTS

MAY 10, 2019

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. “On Sept.

FedWire 51

FedWire Same Day ACH Federal Reserve Nacha Operating Rules 51

PYMNTS

JANUARY 13, 2021

Amex Under Fed Scrutiny Over SMB Card Practices. While representatives for the Fed, FDIC and Treasury did not respond to requests for comment, reports said they are looking into whether American Express deployed deceptive sales practices, with allegations of misrepresented reward programs.

Office of the Comptroller of the Currency 66

Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

PYMNTS

DECEMBER 20, 2018

The Fed, of course, has had a request for comment open for a while. Banks have said that the Fed would be working in competition with existing processes. “If Amazon in particular has stated that such settlement options would be a desirable alternative to credit and debit cards.

Cross-Border 53

Cross-Border SWIFT Federal Reserve Fed 53