Faster Payments
Impact
With the rapid changes in technology, credit unions and their members rely on payments being processed safely and in real time.
Where We Stand
CUNA is part of the Federal Reserve Board's Faster Payments Task Force and plays a role in a real time payments solution so that credit unions and other community financial situations will have access to real time payment solutions.
CUNA has been actively involved to ensure the unique perspective of credit unions is adequately represented among a diverse membership of financial institutions, associations, fintech firms, consumer groups and government representatives.
What we've told lawmakers & regulators
Letter
Comments to Fed re: Potential Modifications to the Federal Reserve Policy on Payment System Risk
CUNA submitted comments to the Board of Governors of the Federal Reserve Re: Potential Modifications to the Federal Reserve Policy on Payment System Risk To Expand Access to Collateralized Intraday Credit, Clarify Access to Uncollateralized Credit, and Support the Deployment of the FedNow Service.
Letter
Proposed Guidelines for Evaluating Account and Services Requests
CUNA submitted comments to the Federal Reserve re: Proposed Guidelines for Evaluating Account and Services Requests.
Related Issues
Sheltered Harbor
Sheltered Harbor is voluntary initiative developed by financial institutions, to provide continuity for credit union members in the event of a natural disaster or cyber-attack.
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