Big banks are preparing to go to war against the Federal Reserve, which is poised to announce that it will develop a new instant payments system to compete with the lenders’ own nascent version.

Your Friday night read: Big banks are preparing to go to war against the Federal Reserve, which is poised to announce that it will develop a new instant payments system to compete with the lenders’ own nascent version.https://t.co/QKgQjk03bS

— Victoria Guida (@vtg2) July 19, 2019