What's New


ABA Requests Public Comment on Arbitration Study (5/22/15) ABA, in a joint comment letter requested the Bureau to solicit public comments on its arbitration study before initiating a rulemaking. The Bureau only issued one Request for Information in 2012, and never informed the public of the topics it had decided to study, the associations said. By soliciting public comments, the Bureau will gain substantive input regarding the study; expand its outreach to all interested parties; improve transparency; and, determine significant defects and shortcomings in the study.

NACHA Finalizes Same-Day ACH Settlement (5/20/15) NACHA, the electronic payments association, announced that its members voted to finalize a rule change that will accelerate ACH settlement, introducing two extra windows during weekdays – morning and afternoon – for credit transactions. The rule provides for fees so that receiving financial institutions can recover costs associated with handling same-day ACH. Contact Steve Kenneally for questions.


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 Upcoming Events


May 27

Fighting Fraud in the ACH Network
May 27, 2015 | Telephone Briefing

May 28

TILA-RESPA — Are You Ready?
May 28, 2015 | Telephone Briefing

June 13

ABA Fair Lending Workshop
June 13, 2015 | Washington, DC

June 14

ABA Regulatory Compliance Conference
June 14-17, 2015 | Washington, DC

June 25

Other Key Issues from the CFPB's Origination Rules
June 25, 2015 | Telephone Briefing

June 25

Lessons Learned from an ACH Audit
June 25, 2015 | Telephone Briefing