“The law was very clear” inside the Fed master account debate
American Banker Podcast
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The Legal Debate on Access to Fed Master Accounts
The chapter explores various legal cases where banks are suing the Federal Reserve over master account access, highlighting the ongoing debate about the Fed's discretion in granting or denying access. It delves into the implications of recent court rulings, concerns about political influences, and the significant financial impact on banks losing access to their master accounts.
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