Government Relations Policy Updates

NACHA Talks Payments with Bureau of Fiscal Services

Posted August 22, 2018

On Aug. 20, 2018, NACHA’s Bill Sullivan, Mike Herd, Cari Conahan, Debbie Barr and Amy Morris briefed Treasury staff on recent RFC rulemaking activity including Same Day ACH, messaging and return codes.

Treasury Issues Long-Awaited Fintech Report

Posted July 31, 2018

The U.S. Department of the Treasury today released a report identifying improvements to the regulatory landscape that will better support nonbank financial institutions, embrace financial technology, and foster innovation.

OCC Announces Plan for National Bank Charters for Fintechs

Posted July 31, 2018

On July 31, 2018, the Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for national bank charters from non-depository financial technology (Fintech) companies engaged in the business of banking.

Sullivan Talks ACH, APIs & Faster Payments

Posted July 13, 2018

NACHA’s Bill Sullivan was back on Capitol Hill this week meeting with new banking/payment staff including Senator Doug Jones (D-Ala.), Representative Claudia Tenney (R-N.Y.) and Representative Roger Williams (R-Texas).

Deputy Director English Stepping Down from CFPB

Posted July 9, 2018

On July 6, 2018 the Consumer Financial Protection Bureau’s Deputy Director, Leandra English, announced that she would be stepping down from her position at the bureau as well as ending her lawsuit challenging Mick Mulvaney's leadership as Acting Director.