Government Relations Policy Updates

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.

Data Security Bill Being Drafted

Posted February 16, 2018

On Feb. 16, 2018, Rep. Luetkemeyer circulated a draft legislation that would establish new federal standards for handling data breaches, re-opening a long-running policy debate about what businesses should do when they lose consumers' identifying information.