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Deadline to comment on the Fed’s potential actions to support faster payments is December 14

12/06/2018 - On October 3, the Federal Reserve Board invited public comment on actions the Federal Reserve could take to support faster payments in the United States. The potential actions, which would facilitate real-time interbank settlement of faster payments, build on collaborative work with the payment industry through the Federal Reserve System's Strategies for Improving the U.S. Payment System (SIPS) initiative.

On December 6, Corporate One submitted our comments on these potential actions. For any questions on our position, please contact Charles Harkness, SVP, Strategic Operations Officer, at 866/MyCorp1, ext. 6832, or via email at charkness@corporateone.coop. We would also like to encourage your credit union to submit comments on the Fed’s potential actions by the deadline of December 14. For full details and instructions, please review the Fed’s original press release and download the Federal Register notice.