Comments Due to NAFCU: Federal Reserve System - Funds Transfers Over FedNow and Regulation J Amendments
NAFCU would like to highlight the following:
- The proposed amendments would establish a subpart C of Regulation J that would govern funds transfers through the Federal Reserve Banks’ (Reserve Banks) new FedNow Service.
- FedNow will become available in 2023 and pricing information has not yet
been disseminated by the Federal Reserve.
Comments due to NAFCU: July 26, 2021
Comments due to the Fed: August 10, 2021
NAFCU will send comments on behalf of its members to the Federal Reserve by their deadline (July 26, 2021).