Fed proposes 'skinny' master account rule for payments fintechs

Federal Reserve issued proposed final rule on December 16, 2025.

Primary

Federal Reserve

Structure

proposed final rule

Date

December 16, 2025

Sub-sector

Payments

Fed seeks to bring nonbank payments providers into regulatory system via tailored master accounts, addressing regulatory arbitrage as nonbanks grow to 51% of global financial assets.

Primary company

Federal Reserve

Counterparty

Not disclosed

Amount

Not disclosed

Event date

December 16, 2025

Sub-sector

Payments

HQ

Not disclosed

Structure

proposed final rule

Source published

December 16, 2025

Publisher

American Banker

Source: americanbanker.com