NACHA Announces Annual Capitol Hill Day – June 8, 2017

Posted March 24, 2017

NACHA’s next Capitol Hill Day will be held June 8, 2017. The event includes a full day of meetings and an end-of-day reception on Capitol Hill. The visit is designed to facilitate NACHA Members’ continued outreach with targeted Members and Congressional staffers as well as education on the ACH Network, the value of private-sector rulemaking and NACHA’s role in governing the Network.

Plaid CEO and Co-Founder Zach Perret to Discuss the API Landscape as the Opening Keynote Speaker at PAYMENTS 2017

Posted March 21, 2017

NACHA also announces a new Exhibit Hall feature -- Innovator Row and Pitch Competition -- highlighting emerging fintech providers.

OCC Issues Draft Licensing Manual Supplement for Evaluating Fintech Charter Applications

Posted March 15, 2017

On March 15, 2017, the Office of the Comptroller of the Currency (OCC) took one additional step closer to allowing fintech companies the opportunity to apply for a special purpose national bank charter. The agency released a draft licensing manual supplement that explains how the OCC will apply the licensing standards in existing regulations to fintech companies that seek a charter through the process.

NACHA Government Relations Update - March 16, 2017

Posted March 15, 2017

NACHA's Government Relations update provides insight on policy matters at the federal and state level that could impact the ACH Network. In this edition: Raphael Bostic Named as Next President of the Federal Reserve Bank of Atlanta; House Republicans Ask Comptroller Curry to Delay Fintech Charter Guidance and more.

NACHA Introduces the Faster Payments Experience at PAYMENTS 2017

Posted March 14, 2017

Educational content includes the Faster Payments Center Stage and more than 25 Faster Payments Experience sessions.

Raphael Bostic Named as Next President of the Federal Reserve Bank of Atlanta

Posted March 13, 2017

On March 13, 2017, the Federal Reserve Bank of Atlanta announced that Raphael Bostic will serve as the bank’s next president, becoming the first African-American to lead one of the Fed's regional banks. Bostic, 50, is a professor at the University of Southern California and previously held posts at HUD and the Federal Reserve Board of Governors. He is succeeding Dennis Lockhart, who retired in February.

House Republicans Ask Comptroller Curry to Delay Fintech Charter Guidance

Posted March 10, 2017

On March 10, 2017, Republicans on the House Financial Services Committee sent a letter to the Office of the Comptroller of the Currency urging Comptroller Tom Curry to hold off on finalization of principles for a limited purpose bank charter for fintech firms. The letter objects to finalization of the policy given the April 12 expiration of Curry’s term.

CFPB Proposes Prepaid Accounts Rule Effective Date Extension

Posted March 9, 2017

On March 9, 2017, the CFPB issued a proposed rule with request for public comment that would delay the Oct. 1, 2017 effective date of the rule governing Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) (the Prepaid Accounts Final Rule) by six months.