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The Fed is proposing to name all nonbank companies that apply for—and ultimately receive—a master account with the central bank. Kyle Campbell, the Fed reporter for American Banker, goes through why this issue matters to banks, how it connects to both a lawsuit and possible legislation, and where it’s going next.
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The Fed is proposing to name all nonbank companies that apply for—and ultimately receive—a master account with the central bank. Kyle Campbell, the Fed reporter for American Banker, goes through why this issue matters to banks, how it connects to both a lawsuit and possible legislation, and where it’s going next.
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