Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Go Direct month good time to encourage direct deposit says Treasury
WASHINGTON (2/10/10)—February is Go Direct month. The U.S. Treasury Department's "Go Direct" direct deposit campaign is highlighting the month’s designation to encourage consumers to take advantage of the safety benefits of direct deposit for Social Security payments and other federal benefits. Valentines Day had to move over in 2006 to share the February stage with the government’s drive for direct deposit after the Senate passed a resolution naming the month and showing its support of the Treasury Department and Federal Reserve Banks drive to increase use of direct deposit. The resolution, sponsored jointly by Sens. Norm Coleman (R-Minn.) and the late Edward Kennedy (D-Mass.), urged Americans to learn more about direct deposit and noted that direct deposit eliminates the risk of lost or stolen checks, helps protect against fraud, and gives people more control over their money. The Credit Union National Association (CUNA) is a Go Direct national partner and supports the check-safety and cost-savings goals for the program. Go Direct has made available free materials credit unions and other financial institutions can use to inform members or customers about the advantages of electronic payments “Encourage senior citizens, people with disabilities and others to get their federal benefits electronically – it’s safer, easier and gives them more control over their money,” the government direct-deposit supporters urge. Use the resource link below to access the Go Direct Tool Kit for Partners. Scroll down to see material specifically suited to financial institutions.
Other Resources

RSS print
News Now LiveWire
Economic activity slowed in June, according to the #Chicago Fed's national activity index, released today #Market http://t.co/1pN6peM8my
13 hours ago
Money burns a hole in workers' pockets after payday, despite best intentions via @WSJeconomy http://t.co/A9SNiUdf9v
14 hours ago
"SAR Stats," new from #FinCEN, focuses on #bitcoin. See #NewsNow http://t.co/vS7iTwY2SW
15 hours ago
.@CFPB now accepts consumer complaints on prepaid cards, debt settlement services, credit repair services, and pawn and title loans.
16 hours ago
.@WellsFargo to process transactions in order received, not high to low http://t.co/g0jWJoegoJ
16 hours ago