Fed Adopts Same-Day ACH Enhancements; Bad News for Small CUs?

The Federal Reserve has announced approval if its same-day ACH enhancements that will allow originating depository financial institutions (ODFIs) that want same day ACH processing the option to send same-day transactions to accounts at any receiving financial depository institutions (RDFIs). CUNA says not enough consideration was given to the burden this could place on credit unions. [9/24/15]