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.
CUNA’s compliance staff went back to basics in a recent CompBlog post highlighting what credit unions should do when they receive a garnishment notice. The entry covers 5 steps credit unions should follow.
The House Financial Services Committee will conduct a hearing on Rep. Jeb Hensarling’s (R-Texas) Financial CHOICE Act next week. CUNA President/CEO Jim Nussle said CUNA appreciated the effort to bring regulatory relief to credit unions and other institutions.