A Treasury Department proposal for low-cost accounts for recipients of federal electronic payments has drawn a mixed response.

Financial institutions and trade groups that generally support the special accounts-known as electronic transaction accounts-are concerned that participants will not be able to make a profit.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.