Waller Floats `Skinny' Account Plan to Give Fintech Firms Direct Access to Fed
Also, Pham isn't acting like she plans to leave CFTC anytime soon
Fintech firms have long been clamoring for the ability to park money at the Fed, an exclusive privilege known as a “master account.” Banks already enjoy the option – and they adamantly oppose sharing it with less-regulated companies. The fight has grown so heated that when Congress passed the stablecoin bill this summer, lawmakers went out of their way …