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.

States Encourage Lawmakers to Address Cannabis Banking

Attorney Generals from across the country called on Congress to take up cannabis banking legislation that would allow lenders to serve cannabis businesses that operate legally at the state level. The officials warned in a letter to House and Senate leadership that the conflict between federal and state law when it comes to marijuana has forced cannabis businesses to operate on a cash basis, that complicates taxation and makes the businesses targets for criminal activity.