Fed Check Processing Restructuring Finalized; FDIC RSS; Current Issues in Credit Unions
Posted by Anthony Demangone
The Fed has announced the final timetable for its check processing restructuring.
After the 12:01 a.m. ET deposit deadline on Friday, February 26, 20101, the Atlanta Office will no longer accept paper items for processing...If you currently mail paper checks to the Atlanta Office, you should begin mailing those items to the Cleveland Office beginning Thursday, February 25, 2010. Any items mailed to the Atlanta Office after February 26, 2010 will be transported to Cleveland, with credit and availability based on when items arrive in Cleveland.
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The FDIC now offers RSS feeds. I find their Financial Institution Letters to be very useful at times. And what is an RSS feed and how can it help you? This video does a great job of filling in the details. Personally, I use RSS feeds and Google Reader to help me keep track of 57 different websites, blogs or government agencies.
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I had the honor of participating in the most recent issue of "Current Issues in Credit Unions," the brainchild of Rob Rutkowsky. He's a credit union attorney based out of Cleveland. CICU, as I like to call it, is a periodic podcast that addresses hot legal/compliance issues - all from a credit union perspective. Good stuff, people. Good stuff. Access the good stuff here.