The Federal Reserve is quietly preparing a fundamental rethink of how it provides core banking services, from the price of processing checks to the way it supervises the smallest community lenders.
The Federal Reserve Board has announced that it is formally exploring significant changes to its check-processing services, including the possibility of ending them entirely. In a press release ...
The continuing decline in the use of paper checks has led to the closing of the check processing operation at the Omaha branch of the Federal Reserve Bank of Kansas City, Mo. The Fed said last year it ...