May 20, 2020
Credit Union Journal
An article in the Credit Union Journal titled “Why Changes From the Fed Mean New Opportunities for Credit Unions” looks at the Federal Reserve’s elimination of a provision in Regulation D that limited transfers and withdrawals from savings accounts to six per month.
According to the article, the Fed’s action allows credit unions to make previously inaccessible savings available to clients, potentially increasing business opportunities. Stroock’s Thomas Ko notes “people just need access to their money.”
Read the article here. (Subscription required).
May 20, 2020
Credit Union Journal
An article in the Credit Union Journal titled “Why Changes From the Fed Mean New Opportunities for Credit Unions” looks at the Federal Reserve’s elimination of a provision in Regulation D that limited transfers and withdrawals from savings accounts to six per month.
According to the article, the Fed’s action allows credit unions to make previously inaccessible savings available to clients, potentially increasing business opportunities. Stroock’s Thomas Ko notes “people just need access to their money.”
Read the article here. (Subscription required).
