A Look At FedNow Liability Allocation And A 4th Circ. Toss-Up

By Dsu-Wei Yuen and Andrew Lorentz (December 18, 2023, 5:12 PM EST) -- Having laid the groundwork for instant payments with same-day Automated Clearing House, or ACH, transfers, the Federal Reserve took another step toward its goal of ubiquitous instant payments by launching the FedNow service in July of this year....

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