That company enjoyed “special access” to Fed payments systems data as a non-bank fintech. Reserve Trust is the sole non-bank fintech with a master account at the Fed.
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President Joe Biden’s nominee for vice chair of supervision at the Federal Reserve, Sarah Bloom Raskin, was grilled during her confirmation hearing regarding her work as director of Reserve Trust. So reports The Hill.
That company enjoyed “special access” to Fed payments systems data as a non-bank fintech. Reserve Trust is the sole non-bank fintech with a master account at the Fed.