Real-Time Payments


Federal Reserve Actions To Support Interbank Settlement of Faster Payments
R.J. Lehmann

The R Street Institute appreciates the opportunity to comment on the Federal Reserve’s proposal to begin operating the FedNow interbank real-time gross settlement service. We continue to have deep…

, Real Clear Markets
Why Is It Necessary For the Fed to Jump Into Real-Time Payments?
R.J. Lehmann

The Senate Banking Committee’s Sept. 25 hearing on real-time payments will be the first opportunity for congressional feedback since the Federal Reserve’s announcement, published in the Aug. 9…

, American Action Forum
The Fed and Real-Time Payments

From American Action Forum:
And those aren’t even the practical concerns. Setting up another, entirely duplicative payment system would potentially cost hundreds of millions of dollars, a cost…

, The Washington Examiner
Jerome Powell should tread cautiously with real-time payments proposal
R.J. Lehmann

Facebook’s proposed digital currency Libra got most of the attention during Federal Reserve Board Chairman Jerome Powell’s appearances before Congress last week, but a related topic looms even…

Letter in Opposition to the Federal Reserve’s consideration to operate a Real-Time Gross Settlement system
R.J. Lehmann

July 3, 2019

The Honorable Jerome H. Powell Chairman

Board of Governors of the Federal Reserve System 20th Street and Constitution Ave., NW Washington, DC 20551


Dear Chairman…

An Open Letter to Members of Congress: Stop the Fed’s Real-Time Payment Takeover
R.J. Lehmann

Dear Members of Congress,

On behalf of the undersigned organizations, we write to urge you to oppose the Federal Reserve’s proposal to operate a real-time-payments system (RTP) that would…

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