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Better Markets Urges the Fed to Rethink Payment Systems Proposal that Dangerously Expands Fed Lending Access to Undercapitalized and Poorly Run Banks

Better Markets issued a comment letter to the Federal Reserve Board highlighting the risks that would be created by the proposed changes to their Payment System Risk (PSR) policy.  The most dangerous of these changes would be effectively allowing banks with poor supervisory ratings and/or undercapitalized banks to have access to collateralized overdrafts. READ MORE >