Government Relations Policy Updates

President Trump Nominates Fed Vice Chair & Community Banker for Vacant Central Bank Board Seats

Posted April 18, 2018

On April 16, 2018, President Donald Trump announced he intends to nominate economist Richard Clarida as Vice Chairman of the Federal Reserve Board and Kansas State Bank Commissioner Michelle Bowman for the Fed Board seat reserved for a community banker.
 

NACHA Meets with Fiscal Service

Posted April 18, 2018

On April 5, 2018, NACHA had their bi-yearly meeting with The Bureau of the Fiscal Service (BFS).

NACHA Meets with Regulators

Posted April 18, 2018

On April 11, 2018, NACHA had their bi-yearly meeting with banking and consumer regulators.

NACHA Meets with Reserve Bank Operations and Payment Systems

Posted April 18, 2018

On April 11, 2018 Members of NACHA’s Executive Team attended their first meeting of the year with Federal Reserve Bank Operations and Payment Systems staff.

​A Preview of the Congressional Work Period

Posted April 9, 2018

Congress returns to Washington this week for a three-week work period before another recess sched

NACHA’s Estep & Sullivan Talk Fintech with Treasury

Posted April 4, 2018

On Friday, March 30, 2018, NACHA’s Jan Estep and Bill Sullivan attended a meeting at The U.S. Department of the Treasury concerning the upcoming report to the President on “Core Principles for Regulating the United States Financial System – Fintech”.

Acting CFPB Head Wants to Limit Bureau’s Authority

Posted April 4, 2018

On April, 2, 2018, Consumer Financial Protection Bureau (CFPB) interim head Mick Mulvaney issued his first report to Congress as the bureau’s Acting Director. Mr. Mulvaney asked Congress to change the structure of the CFPB and to give the executive and legislative branches control over the bureau’s regulations, leadership and budget.

Fed Announces New Study on Payments Fraud

Posted April 1, 2018

On March 29, 2018 the Federal Reserve announced that it would begin work on a new payments fraud study as part of its continuing effort to improve and provide support for security within the payments industry as outlined in last year’s Federal Reserve Next Steps in the Payment Improvement Journey.

Senate Passes Milestone Deregulation Bill

Posted March 16, 2018

On March 14, 2018, the U.S. Senate passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, in a bipartisan vote (67-31).