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).
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: Congressional workload and the summer of 2018; Deputy Director English stepping down from CFPB and more.
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.
On June 27, 2018, Rep. Patrick McHenry (R-N.C.), Vice Chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin requesting that the agency’s special task force on postal reform include a recommendation in its upcoming review of the U.S. Postal Service to prohibit the USPS from piloting or expanding any nonpostal banking services.