The National Clearinghouse Association has lowered its membership capital requirements, setting the stage for further expansion.

On April 11, the Federal Reserve Board approved the association's application to cut the Tier 1 capital requirement for members in half, to $50 million, making about 140 more banks eligible to join the group, which was founded in 1992 and has 65 bank members from 36 holding companies.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.