NAFCU’s Morris to give industry update, talk payments systems

NAFCU Regulatory Affairs Counsel Andrew Morris today will participate in an industry update at the Electronic Check Clearing House Organization’s (ECCHO) business committee meeting. ECCHO represents depository institutions’ interests on issues related to check payment system; NAFCU works closely with ECCHO to ensure credit unions’ perspective are considered.

Morris will be joined by representatives from other financial industry trade groups. They will provide an update on the regulatory landscape, and potentially the Federal Reserve’s recent proposal relating to settlements or other services to address the future needs of a real-time retail payments environment.

NAFCU is actively engaged as the Fed and other stakeholders work to improve real-time payments, and has also offered input as the Fed addresses regulatory issues related to checks.

 

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