Key Considerations on Fed's FedNow Service
Our members are encouraged to participate in the conversation.
By now, you should have seen news articles regarding The Board of Governors of the Federal Reserve System’s notice and request for comment (RFC) for FedNow. WACHA welcomes a chance to respond and supports the Fed’s efforts, but the RFC leaves many questions unanswered. The Fed is seeking comment and direction from the industry, hence WACHA recommends that our members actively participate and provide direction. This document is intended to provide Questions and Key Considerations as well as helpful information to consider as FI’s craft their responses. Responses to the Fed are due November 7th.