Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Fed posts new rules for same-day ACH service
WASHINGTON (6/22/10)--The Federal Reserve Board, beginning on Aug. 2, will offer “an opt-in, same-day settlement service” for Automated Clearing House (ACH) debit payments. The new federal reserve service will apply to all depository institutions. The Fed said that FedACH customers may opt-in to the service, which will “be limited to transactions arising from consumer checks converted to ACH and consumer debit transfers initiated over the Internet and phone.” The debit transfers will post to institutions' Federal Reserve accounts at 5:00 p.m. ET and same-day return debit transfers will post at 5:30 p.m. ET, the release added. For the full release, use the resource link.
Other Resources

RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
4 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
5 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
5 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
5 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
6 hours ago