Oct. 29, 2018 — CBA is offering talking points for community bankers to use at the Federal Reserve’s town hall meetings on its role in faster payments, which start today in Kansas City. The Fed is hosting the town halls in each of its 12 regional districts and accepting comments on the assessment.
The Fed’s assessment seeks public input on actions it could take to facilitate real-time interbank settlement of faster payments and a liquidity management tool to support settlement services. At the meetings, Fed representatives will provide an overview of conceptual approaches, answer questions, and facilitate stakeholder discussions. Formal comments to the agency are due by Dec. 14.
Following the Fed’s Federal Register notice earlier this month, ICBA called on the agency to ensure a role for itself in faster payments to guarantee universal access for financial institutions of all sizes.