NACHA Meets with Congressional Leadership

Posted February 21, 2019

NACHA’s Government Relations team has been busy meeting with new committee staff members on both The House Financial Services Committee and Senate Banking Committee to advocate for the ACH Network and discuss 2018 network growth for both Same Day ACH and traditional ACH.

NACHA Government Relations Update – Feb. 21, 2019

Posted February 19, 2019

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: NACHA meets with Congressional Leadership; CFPB issues rulemaking proposals favorable for payday lenders.

CFPB Issues Rulemaking Proposals Favorable for Payday Lenders

Posted February 19, 2019

On Feb. 6, 2019, the Consumer Financial Protection Bureau (CFPB) proposed to rescind portions of its 2017 final rule regarding “Payday, Vehicle Title, and Certain High-Cost Installment Loans”, in particular doing away with the current requirements for underwriting determinations that would ensure offered loans are within what the borrowing applicants can afford.

Cross-Border Collaboration is Key to Making Global Payments Work

Posted February 19, 2019

You know how annoying it is when you go to another country and discover you can’t plug anything in because the electric outlets are different? The same thing happens today with some global payments, and the problem will intensify unless there’s international collaboration and greater standardization, two industry leaders stated.