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Proposed rule

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

Built by the Tribune's code from the Federal Register. No AI wrote this page. Published in the Federal Register April 10, 2026. Document 2026-06996. Updated Nov. 12, 2026.

What it does

The Board is proposing amendments to subpart C of Regulation J (governing the FedNow[supreg] Service) to permit FedNow participants to use intermediaries, other than Reserve Banks, to send funds transfers through the FedNow Service. The Board believes this change could support private-sector cross-border payment solutions by allowing FedNow participants to leverage an intermediary (for example, a correspondent bank) for the international portion of a cross-border transaction and use the FedNow Service for the U.S. domestic portion.

The Federal Reserve System's summary, as published in the Federal Register.

What it would change

1 part of Title 12 of the Code of Federal Regulations:

12 CFR 210

Before this

No earlier Federal Register document under regulation identifier 7100-AH23 since Jan. 1, 2025.

What happens next and when

Comments must be submitted by June 9, 2026.

The agency's dates, word for word.

Document number2026-06996
ActionProposed rule, request for comment.
AgenciesFederal Reserve System
PublishedApril 10, 2026
Comments closeJune 9, 2026
Regulation identifier (RIN)7100-AH23

Source: the Federal Register (public domain). The document in the Federal Register