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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). Brex said the FDIC insurance on uninvested cash reserves up to $250,000 is the result of a partnership with UMB Financial Corp. ,

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House Financial Services Committee to hold Sept. 26 hearing on real-time payments

CFPB Monitor

The House Financial Services Committee’s Task Force on Financial Technology will hold a hearing entitled “The Future of Real-Time Payments,” at 2:00 p.m. George, President and Chief Executive Officer, Federal Reserve Bank of Kansas City. on Thursday, September 26, 2019.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. payments ecosystem.

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