Posted June 13, 2017
On June 8, 2017, NACHA hosted its annual Capitol Hill Day in Washington D.C., facilitating a day-long series of meetings between members of NACHA’s Government Relations Advisory Group (GRAG) and elected officials as well as congressional staff members from the Senate Banking Committee and House Financial Services Committee, representing two Payments Caucuses – the Senate Payments FinTech Innovation Caucus and the Congressional FinTech Payment Technology Caucus. GRAG Members continued their outreach and education efforts regarding the ACH Network with particular emphasis on the value of private sector rulemaking and NACHA’s role in governing the Network. Other discussion topics included an update on Same Day ACH, plans to leverage the ACH to move payments faster/easier for end users, and CHOICE and CLEARR legislation. GRAG members also reminded staffers of the resources that NACHA and our Membership can provide for payments-related training and education. Collectively, the group participated in a total of nine meetings in addition to a breakfast meeting at The Capitol Hill Club.