As Banking Lobby Protests, a Fed Rule Could Expedite Ripple’s Application

Ripple’s quest for a national trust charter reveals intriguing details in Federal Reserve documents. Namely, under the section 12 CFR § 262.3, it’s stated that the Fed must publicize the application and generally has a 90-day review window for filings. However, the more interesting part is the fact that the Fed has the authority to bypass standard notification […] The post As Banking Lobby Protests, a Fed Rule Could Expedite Ripple’s Application appeared first on Coin Edition.