Fed rep updates NAFCU Regulatory Committee

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June 18, 2013 – The Federal Reserve Bank of Chicago’s Shonda Clay briefed NAFCU Regulatory Affairs Committee members and association staff Tuesday about the Fed’s initiative to improve the payments system.

Clay, the Fed bank’s senior vice president of customer relations, she gave an update on the Fed’s activities related to its payments system improvement initiatives. The briefing was given during a teleconference on regulatory developments affecting NAFCU members.

NAFCU maintains a dialogue with Clay and other Fed representatives to ensure credit unions’ needs and concerns are addressed in Fed actions affecting payments system.