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August 5, 2020
In the best of times, things can get hectic in a hurry. And the last few months haven’t exactly been the best of times. Which makes it that much more important to simplify your financial life.
The first week of August is Simplify Your Life Week, and on a personal level, one of the easiest…
ACH, Direct Deposit, Direct Payment via ACH
August 5, 2020
SBA Inspector General Reports ‘Widespread’ Fraud in Economic Injury Disaster Loan Program
On July 28, 2020 the Office of the Inspector General for the U.S. Small Business Administration issued a memo reporting findings of "widespread potential fraud" in the agency’s flagship Economic Injury…
Government Relations News
August 5, 2020
On July 28, 2020 the Office of the Inspector General for the U.S. Small Business Administration issued a memo reporting findings of "widespread potential fraud" in the agency’s flagship Economic Injury Disaster Loan (EDIL) program (separate from the Paycheck Protection Program) for coronavirus…
Government Relations Policy Updates
August 5, 2020
The Consumer Financial Protection Bureau (CFPB) has announced that the agency plans to ask for input later this year via an advance notice of proposed rulemaking (ANPR) regarding implementation of Section 1033 of the Dodd-Frank Act, which governs consumers’ access to their financial data.
The…
Government Relations Policy Updates
August 3, 2020
That didn’t take long at all.
The ACH Contact Registry opened for business on July 1, and within a matter of days there were success stories to tell. Like when Eric Wester at UMACHA got a call from a member needing help with a missing payroll credit. Wester suggested getting in touch with…
ACH, ACH Network
July 23, 2020
On July 20, 2020 the Federal Deposit Insurance Corporation (FDIC) announced the agency has issued a new Request for Information (RFI) as part of its FDiTech initiative. The RFI is asking for public comment regarding the potential creation of a public-private partnership to set standards and a…
Government Relations News