The Fed wants banks to prepare for FedNow, but many are in n

The Federal Reserve will roll out its much-anticipated instant payments system, known as FedNow, in the middle of next year. Yet many questions remain about who it will serve, how it will work and how quickly community banks will buy in to it.

Related Keywords

United States , Washington , America , Jerome Powell , Lael Brainard , Russ Waterhouse , Gilbert Schwartz , Nick Denning , Dan Awrey , Community Bankers Of America , Cornell Law School , Federal Reserve , Us Bank , Fed Vice Chair Lael Brainard , Clearing House , Federal Reserve Vice Chair Lael Brainard , Reserve Vice Chair Lael Brainard , Independent Community Bankers , Monetary Control Act , Politics And Policy , Payments , Consumer Banking , Ab Policy Amp Regulation ,