Federal Reserve Governor Powell Gives Remarks on Faster Payments Taskforce

Posted March 3, 2017

On March 3, 2017, Federal Reserve Governor Powell indicated in remarks to the Yale University Center for Corporate Law, that the Fed's Faster Payments Task Force will issue its final report “in the middle of the year”, presumably this summer. He reaffirms the Fed’s commitment to a more efficient real-time payments system and urges the industry and other stakeholders to continue the work of bringing ubiquitous real-time payments systems and services to the U.S. market.

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