Proposed Revisions to the Federal Reserve Policy on Payment System Risk and the Guidelines for Account and Services Requests
The Federal Reserve proposes revisions to its Payment System Risk policy and account guidelines, potentially affecting access to master accounts and payment services for money transmitters, including crypto firms.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Money services businesses, money transmitters, crypto/virtual-currency firms, payment processors, remittance providers, fintech wallets should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comment period ends 60 days after publication in Federal Register (likely late July 2026).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Proposed revisions to the Federal Reserve Policy on Payment System Risk and Guidelines for Account and Services Requests, which may tighten access to Federal Reserve accounts and payment services based on risk assessments.
Who it affects
Money services businesses, money transmitters, crypto/virtual-currency firms, payment processors, remittance providers, fintech wallets
What you must do
Review and comment on the proposed revisions by the deadline; assess potential impact on access to Federal Reserve services and adjust compliance and risk management frameworks accordingly.
Deadline
Comment period ends 60 days after publication in Federal Register (likely late July 2026).
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