Ayanna Pressley: “FedNow can also help small community banks that have fewer…”

“And I've really enjoyed working closely with Chairman Hill and Senator Van Hollen in the Senate to get that service created years ago. FedNow can help households get their money in real time. FedNow can also help small community banks that have fewer resources and technological infrastructure compete with these fintech platforms. to offer households their money when they need it while still complying with regulations. Ms. Parkhill, how does something like FedNow help smaller community banks and credit unions compete while still serving their customers safely?” (01:26–01:35)

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