Nacha Hosts Capitol Hill Day Next Week
On June 6, 2019 Nacha will be hosting our annual Capitol Hill Day in Washington D.C., facilitating a day-long series of meetings between members of Nacha’s Government Relations Advisory Group (GRAG) and elected officials, congressional staff members from the Senate Banking Committee and House Financial Services Committee. Members will continue their outreach and education efforts regarding the ACH Network with particular emphasis on the value of private sector rulemaking and Nacha’s role in governing the Network. Other likely discussion topics include an update on Same Day ACH, thought leadership on making payments faster/easier/safer for end-users. Collectively, the group will participate in a total of almost twenty meetings in addition to a breakfast meeting at The Capitol Hill Club.
FDIC Leading Effort to Address Small Dollar Lending by Financial Institutions
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.
Legislative Calendars for 2019
House 2019 Calendar
Senate 2019 Calendar
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.