federal reserve - America's Credit Unions

Additional outreach needed before expansion of FedWire, NSS hours

News / September 9, 2024 / federal reserve / 2 minutes of reading

The Federal Reserve Board of Governors should conduct additional outreach on expanded operating hours for the FedWire Funds Service and National Settlement Service (NSS) before proceeding with a final rule. America’s Credit Unions Director of Innovation and Technology Andrew Morris shared these comments with the Fed Friday, in response to the Fed’s proposal to expand …

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Fed extends comment deadline for Fedwire, NSS proposal

News / June 24, 2024 / federal reserve / 1 minute of reading

The Federal Reserve announced Friday an extension of the comment deadline for its proposals expanding operating days of Fedwire Funds Service and National Settlement Service. America’s Credit Unions requested the Fed allow additional time for comments to allow stakeholders to properly gather data and prepare comments and issued a Regulatory Comment encouraging credit unions to …

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America’s Credit Unions meets with Fed on debit interchange

News / April 11, 2024 / federal reserve, interchange / 1 minute of reading

America’s Credit Unions’ Andrew Morris and other industry trade associations met with Federal Reserve Chairman Jerome Powell and Board Governors Adriana Kugler and Christopher Waller Wednesday to reiterate the organizations’ opposition to the debit interchange proposal. This is the organization’s fourth meeting with the Fed this year. The proposal would make changes to update …

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Credit unions meet with Fed staff on interchange proposal concerns

News / April 5, 2024 / federal reserve, interchange / 1 minute of reading

America’s Credit Unions’ Madison Rose, Mountain America Credit Union President/CEO Sterling Nielsen, and financial services organizations met with staff from the Federal Reserve Thursday to discuss the Fed’s debit card interchange proposal. America’s Credit Unions strongly opposes the proposal, and has pushed back on it with a multipronged approach that includes meetings with the Fed. …

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Credit unions talk interchange proposal, liquidity with Fed vice chair

News / February 6, 2024 / federal reserve, interchange / 2 minutes of reading

Credit unions met with Federal Reserve Vice Chair Philip Jefferson Monday to discuss a range of policy priorities to help credit unions increase service to members and communities. America’s Credit Unions President/CEO Jim Nussle, members of its advocacy team, Leagues, and credit unions discussed the Fed’s debit card interchange cap proposal, liquidity, the fraud epidemic, …

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