Displaying 1 - 20 of 71

Tag: Government

Article September 16, 2020
As part of Nacha’s efforts to educate more corporate end users on the ACH Network and upcoming Rule changes, Nacha is offering two free webinars to corporate end-users. The webinars are limited to only end users, and Nacha encourages our financial institution members to share the links with your corporate (ie business, government, nonprofit, education, association) customers.
Article August 19, 2020
Federal Reserve Explores Digital Currencies; CFPB Issues Additional FAQs Re: Payday Lending Rule
Article August 19, 2020
On Aug. 13, 2020, The Federal Reserve issued a press release highlighting the research and experimentation the central bank system has been conducting to enhance its understanding of digital currencies and their use by central banks.
Article August 19, 2020
The Consumer Financial Protection Bureau (CFPB) recently issued answers for several Frequently Asked Questions regarding compliance with the Payday Lending Rule.
Article August 4, 2020
SBA Inspector General Reports ‘Widespread’ Fraud in Economic Injury Disaster Loan Program; CFPB to Issue ANPR on Consumer-Authorized Financial Data Access; FDIC Issues RFI Re: Potential Voluntary Certification Program Promoting Innovative Technologies.
Article August 4, 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 relief.
Article August 4, 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.
Article 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.
Article July 15, 2020
CFPB Issues Final Rule on Small Dollar Loans, Easing Restrictions for Payday Lenders
Article July 15, 2020
On July 7, 2020, the Consumer Financial Protection Bureau (CFPB) announced it has issued a final rule regarding “Payday, Vehicle Title, and Certain High-Cost Installment Loans”, eliminating the requirement for loan underwriting and income verification, citing “insufficient legal and evidentiary bases for the 2017 rule’s mandatory underwriting provisions”.
Article June 30, 2020
Supreme Court Rules a Consumer Regulator’s Structure Unconstitutional.
Article June 30, 2020
The Supreme Court ruled in a 5-4 decision (Roberts) that the CFPB’s single-director structure / “for cause” provision is unconstitutional.
Article June 16, 2020
Nacha Meets with Treasury Staff and Operators to Discuss Stimulus Payments; Nacha’s Government Relations Advisory Group (GRAG) Meets with Rep Lynch Staff
Article June 16, 2020
Nacha staff recently met with representatives from Treasury, IRS, Fiscal Services and the ACH Operators to discuss lessons learned from the recent U.S. stimulus payments to U.S. citizens to help boost our economy due to the COVID-19 pandemic.
Article June 16, 2020
Nacha’s GRAG recently held a conference call with Kevin George, Senior Advisor, Economic Policy for Fintech Task Force for Chairman Lynch (D-MA) two days before the Task Force Hearing on "Inclusive Banking During a Pandemic: Using Fed Accounts and Digital Tools to Improve Delivery of Stimulus Payments."
Event May 22, 2020

The Payments Innovation Alliance will host a pop-up meeting on Thursday, August 13, 2020 for Alliance members. This one-day, virtual event will bring members together for networking and discussions about the pandemic and its affect on electronic payments and innovation.

Article May 21, 2020
Federal Agencies Issue “Interagency Lending Principles for Offering Responsible Small-Dollar Loans”
Article April 14, 2020
CFPB Issues Guidance Regarding Remittance Transfers During Pandemic
Article April 14, 2020
In light of the COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) issued a policy statement announcing the Bureau’s current flexible approach to its supervision and enforcement regarding certain requirements for remittance transfers.
Article March 3, 2020
Nacha Files Comment Letter Supporting ACH Payments