Sept. 23 is the implementation date for the first phase of same-day automated clearing house (ACH) service. NACHA finalized its same-day ACH rules in May 2015, and the Fed adopted the rules in September 2015.
WASHINGTON (4/8/16)--Staff from the Federal Reserve visited CUNA's Washington, D.C., office Thursday to discuss its payments initiatives. CUNA, via its advocacy efforts and its Payments Subcommittee, is a consistent advocate for a modern, secure payments system.
The NCUA’s final field-of-membership rule was published Wednesday, making it effective Feb. 6. The rule, finalized by the NCUA board in October, facilitates consumer access to credit unions and provides credit unions with more flexibility.