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Comment Period: Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through the Fedwire Funds Service and the FedNow Service; Regulation J

AGENCY:

Board of Governors of the Federal Reserve System (Board).

ACTION:

Proposed rule, request for comment.

SUMMARY:

The Board is proposing amendments to subpart C of Regulation J (governing the FedNow® Service) to permit FedNow participants to use intermediaries, other than Reserve Banks, to send funds transfers through the FedNow Service.

DATES:

Comments must be submitted by June 9, 2026.

https://www.federalregister.gov/documents/2026/04/10/2026-06996/collection-of-checks-and-other-items-by-federal-reserve-banks-and-funds-transfers-through-the?utm_campaign=subscription+mailing+list&utm_medium=email&utm_source=federalregister.gov

  • June 9, 2026
  • Time: All Day