The Federal Reserve appears to be closing in on its decision about whether to take a leadership role in faster payments. Now is the time for community bankers to be heard on Capitol Hill and at the Fed. ICBA has been urging community bankers to contact policymakers in support of Fed involvement.
IBANYS members: You can use ICBA’s “Be Heard” grassroots action center to tell your local members of Congress and New York Federal Reserve Bank President John Williams why the agency should operate a Real-Time Gross Settlement service. ICBA has repeatedly advocated Fed involvement in real-time payments, which would provide safety, integrity, continuity and equitable access to all financial institutions. Please send your messages urging support for Fed leadership on faster payments.