Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

Data Security Bill Being Drafted

On Feb. 16, 2018, Rep. Luetkemeyer circulated a draft legislation that would establish new federal standards for handling data breaches, re-opening a long-running policy debate about what businesses should do when they lose consumers' identifying information.

The draft legislation includes a series of steps that companies would need to follow once they believe customers' personal information has been put at risk. Nacha believes Congress will hold hearings in March as they finalize the bill language.