Government Relations Policy Updates

Federal Reserve to Make Stress Testing More Transparent

Posted June 21, 2017

On June 16, 2017, Federal Reserve Chair Janet Yellen sent a letter to Rep. Blaine Luetkemeyer (R-Mo.), stating that the Fed will make its stress testing for banks more transparent.

NACHA Hosts Capitol Hill Day

Posted June 13, 2017

On June 8, 2017, NACHA hosted its annual Capitol Hill Day in Washington D.C.

Treasury Report Highlights Need for Regulatory Relief

Posted June 13, 2017

On June 12, 2017, The U.S. Department of the Treasury issued its first in a series of reports to President Trump examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide regulatory relief for U.S. financial institutions. 

Financial CHOICE Act Clears House

Posted June 13, 2017

On June 8, 2017, the House passed the Financial CHOICE Act by a nearly party-line vote of 233 to 186 with only one GOP member voting against the bill (Walter Jones of North Carolina).

Durbin Amendment Repeal Dropped from CHOICE Act in House

Posted May 26, 2017

House Republican leaders will drop language from a sweeping bank deregulation bill that would have eliminated a cap on debit card swipe fees.

NACHA Attends Reception at the British Embassy

Posted May 26, 2017

Bill Sullivan of NACHA was the guest of Sir Kim Darroch, the British Ambassador to the United States, at a reception on May 24, 2017, as a result of NACHA’s work with British Embassy staff on an introduction to the U.S. payments system.

Senate Banking Committee Hearing: “Domestic and International Policy Update”

Posted May 19, 2017

On May 18, 2017 the Senate Banking Committee held a hearing entitled “Domestic and International Policy Update” and featured lines of questioning on regulatory relief for community banks, housing finance reform and housing guarantees, beneficiaries of tax reform and several political issues such as the status of Keith Norieka at the OCC and methods of scoring tax relief legislation.   

Letter on Swipe Fee Vote Gains Signatures

Posted May 18, 2017

Rep. Ted Budd (R-NC) is gathering signatures for a letter to House GOP leaders that would urge them to let Members vote on whether to repeal the debit card fee cap known as the Durbin Amendment.

Trump Signs Executive Order on Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure

Posted May 17, 2017

On May 11, 2017, President Donald Trump signed a long-delayed cybersecurity executive order that is expected to launch sweeping reviews of the federal government’s digital vulnerabilities and directs agencies to adopt specific security practices.

House Passes American Health Care Act of 2017

Posted May 5, 2017

On May 4, 2017, the House of Representatives passed H.R. 1628, the American Health Care Act of 2017.