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Federal Reserve considering winding down its check processing services
This version of Federal Reserve Considering Winding Down Its Check Processing Services 255051845539 - Breaking News | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.
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The federal Reserve announced it is considering overhauling, or even winding down, its check processing services due to check use "steadily declining" overtime. NBC News' Priscilla Thompson reports on how payment methods have evolved and why some oppose phasing out paper checks.Dec. 26, 2025
