Novel Applications May Fizzle After Fed Master Account Wins

By Randall Guynn, Daniel Newman and Justin Levine (May 16, 2024, 5:18 PM EDT) -- Two federal district courts recently upheld decisions by the Federal Reserve Bank of Kansas City, or FRBKC, and the Federal Reserve Bank of San Francisco to deny master account applications from Custodia Bank Inc. and PayServices Bank....

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