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.

Senate Banking Committee Approves Powell as Federal Reserve Board Chair

On Dec. 5, 2017, the Senate Banking Committee voted (22-1) in approval of Jerome Powell’s nomination as Chairman of the Federal Reserve Board and will next be voted on by the full Senate. It is expected that Governor Powell will be confirmed easily due to a good level of bipartisan support and he would begin his term on Feb. 3, 2018 as Chair Janet Yellen’s term ends.