Financial Agencies Issue Statement to Clarify Role of Guidance

Posted September 12, 2018

On Sept. 11, 2018, in response to lawmaker’s requests, five financial regulators (The Federal Reserve System, CFPB, FDIC, National Credit Union Administration and the OCC) issued a written statement clarifying that supervisory guidance does not carry the force of law, is not binding and does not direct enforcement actions.

Luetkemeyer Introduces a Data Security Bill

Posted September 7, 2018

Rep. Luetkemeyer has introduced a bill intended to codify federal regulators' data breach notification standards for the financial services industry.

NACHA Government Relations Update – Sept. 6, 2018

Posted September 6, 2018

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: Sullivan talks Faster Payments, APIs and B2B Directories on Capitol Hill; Van Hollen sends letter to Federal Reserve Chairman urging the Fed to move more quickly on plans to speed up the payments system and more.

NACHA Launches Afinis Interoperability Standards for Financial Services

Posted September 4, 2018

Afinis furthers the work of NACHA’s Payments Innovation Alliance Application Programming Interface (API) Standardization Industry Group (ASIG) to now advance API standardization efforts across the financial services ecosystem through formal governance, and includes the work of Interactive Financial eXchange Forum (IFX).

Clarida Confirmed as Fed Vice Chair

Posted August 29, 2018

The Senate confirmed Richard Clarida as Vice Chairman of the Federal Reserve Board, filling out Chairman Jerome Powell's leadership team.