Federal Reserve "Network Issues" Cause Nationwide Direct Deposit Outage

Federal Reserve “Network Issues” Cause Nationwide Direct Deposit Outage

In recent years, banks and credit card processors had blamed hackers, blackouts, infrastructure inefficiencies, and of course the “Russians” for periodic service outages. As of today, they are now blaming the Fed itself.

Starting around 7am, there was a surge of outages reported at Capital One…

URL: https://www.zerohedge.com/markets/nationwide-direct-deposit-outage-hits-due-federal-reserve-network-issues

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