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Consumer groups and banking industry organizations joined together today to support bipartisan legislation that would prevent Economic Impact Payments from being subject to garnishment. -
Corporate One Federal Credit Union has received certification to receive payments via the RTP® network. Corporate One is the first corporate credit union and wholesale financial provider to receive such certification.Corporate One Certified as First Corporate Credit Union Participant on TCH’s RTP® Network
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Providing for the Wellness of Our Employees and Ensuring the Smooth and Safe Functioning of our SystemsTCH’s Response to the COVID-19 Pandemic
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In a letter to congressional leadership today, consumer and banking industry organizations urged lawmakers to clarify at the earliest possible opportunity that economic impact payments issued by the federal government in response to the coronavirus pandemic should be exempt from otherwise legally binding garnishment orders.Consumer, Banking Groups to Congress: Exempt Economic Impact Payments from Garnishment
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Leading financial services trade associations today wrote Congressional leadership requesting that Congress clarify that the CARES Act economic impact payments (also known as stimulus payments) are treated as benefits subject to the federal exemption from garnishment.Congress Should Exempt Stimulus Payments from Court-Ordered Garnishments
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Created by Fidelity, Akoya℠ Becomes an Independent Company; operates a network for the entire industry. Jointly owned by 11 banks, Fidelity and The Clearing House, Akoya℠ to accelerate the movement toward more secure APIs.Financial Industry to Give Consumers More Control Over Their Data
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MUFG Union Bank Launches Real-Time Payments for Clients on the RTP® Network
Customers with a deposit account can now receive funds in real time.
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TCH Raises RTP® Network Transaction Limit to $100,000
As the volume of transactions and number of users continues to grow on the RTP® network, TCH is increasing the transaction limit to meet the needs of depository institutions and their customers.
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Corporate America Credit Union Becomes Funding Agent for the RTP® Network
As a Funding Agent for the RTP® network, CACU will allow member credit unions to efficiently manage their liquidity on the network at a lower cost.
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Research reveals a continued disconnect in perceived and actual awareness of financial data collection practices and consumer support for more transparency, education, and control.New Research Reveals Most Consumers Unaware of Financial Data Collection Practices