The Financial Brand, June 15, 2022, FedNow Will Propel Real-Time Payments Into the Banking Mainstream
The issue of security in the FedNow system has raised red flags from some consumer groups. “The Fed must take measures before FedNow launches to ensure that it does not become a haven for fraud,” says a joint statement by the National Consumer Law Center, National Consumers League, and National Community Reinvestment Coalition.
