The FDIC plans to present the two other banking regulators with its ideas toward creating a unified policy on small-dollar loans. The Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve all have different policies in place regarding small dollar loans, meaning that different banks operate under different rules. The FDIC has a draft document it will share with the Fed and the OCC. Details are not available if this will be drafted as a rule or a guidance but the intention is to have a unified operating regulatory environment for all banks in the small dollar lending business.
Announcement Coincides with Refreshed Nacha Brand Uniting its Programs and Initiatives through New Visual Identity
ORLANDO, Fla., May 6, 2019 – The Nacha Board of Directors has selected Jane E. Larimer as the next President and CEO of Nacha effective July 1, 2019. The Board thanks Janet O. Estep, Nacha’s current President and CEO for her successful 11 years of leadership of Nacha and within the payments industry, and welcomes her assistance in the transition before she retires at the end of 2019.