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ABA: The American Bankers Association
Compliance News

ABA Supports Fed Proposal to Extend Hours to Facilitate Same-Day ACH

ABA last week submitted comments in support of the Federal Reserve's recent proposal to modify the Federal Reserve Banks' National Settlement Service and Fedwire Funds Service to accommodate a third same-day ACH processing and settlement window. ABA offered support for the proposal with two recommended modifications to mitigate the risk of delayed Fedwire openings due to the shorter period between closing and reopening. For more information please contact Steve Kenneally.