NBA Legislative Update March 18
Businesses Urged to Strengthen Cyber Defenses
The White House released a fact sheet detailing steps businesses can take to help thwart cyber attacks.
Committee Approves Fed, FHFA Nominees
The Senate Banking Committee approved the Federal Reserve nominations of Jerome Powell, Lael Brainard, Lisa Cook and Philip Jefferson and Sandra Thompson's nomination to lead the Federal Housing Finance Agency.
Treasury Urged to Publicize Coin Circulation Slowdown
In a letter to U.S. Treasury Secretary Janet Yellen, a coalition of trade groups urged the department to raise awareness of the need to get get coins moving in the economy.
Read the Letter
NACHA Raises Same-Day ACH Limit to $1M
In collaboration with the Federal Reserve and The Clearing House, the National Automated Clearing House Association (NACHA) increased the same-day dollar limit for ACH transactions from $100,00 to $1 million.