Core processing is never a settled matter. A relentless stream of tweaks, improvements, and leaps in technology makes it a two-edged sword: While it increases credit unions’ efficiency, it also can expose deficiencies in their current practices.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
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.