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January 6, 2021
Popular Blog Posts From 2020
While Rodgers’ and Hammerstein’s favorite things may have been raindrops on roses, whiskers on kittens and warm woolen mittens, for Nacha some of our favorite things include Direct Deposit and Split Deposit. Throughout 2020, we shared some of our favorite things in…
ACH, ACH Network, Consumers, Direct Deposit, Direct Payment via ACH
December 29, 2020
Updated December 30, 2020
The IRS and the U.S. Treasury have confirmed that 113 million economic impact payments (EIPs) by ACH are being processed this week, with an effective date of Monday, Jan. 4, 2021. Under the Nacha Rules, RDFIs must make funds available by 9:00 a.m. (RDFI local time…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH
November 9, 2020
Nacha’s Government Relations team has been closely monitoring U.S. election results over the past week. For a summary, read the RFA Election Analysis, prepared for Nacha by Rich, Feuer & Anderson.
Government Relations News, Government Relations Policy Updates
November 4, 2020
Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.
For active duty…
ACH, ACH Network, Consumers, Direct Deposit, Direct Payment via ACH
October 19, 2020
ACH Operations Bulletin #7-2020 Nacha Provides Update on COVID-19 Relief and Upcoming Effective Dates
Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic. This ACH Operations Bulletin provides an update on…
ACH, ACH Network, ACH Operations, Operations Bulletin
September 18, 2020
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Consulting, formerly Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to…
ACH, ACH Network, ACH Operations, Non-ACH Payments (i.e. wires, credit/debit cards, etc.), Products and Solutions
August 19, 2020
On Aug. 13, 2020, The Federal Reserve issued a press release highlighting the research and experimentation the central bank system has been conducting to enhance its understanding of digital currencies and their use by central banks. Additionally, as an effort to support the Federal Reserve Board’s…
Government Relations Policy Updates
August 19, 2020
The Consumer Financial Protection Bureau (CFPB) recently issued answers for several Frequently Asked Questions regarding compliance with the Payday Lending Rule. This is in addition to the agency’s previously issued resources, including a Small Entity Compliance Guide, to assist with industry…
Government Relations Policy Updates
August 4, 2020
On July 28, 2020 the Office of the Inspector General for the U.S. Small Business Administration issued a memo reporting findings of "widespread potential fraud" in the agency’s flagship Economic Injury Disaster Loan (EDIL) program (separate from the Paycheck Protection Program) for coronavirus…
Government Relations Policy Updates
August 4, 2020
The Consumer Financial Protection Bureau (CFPB) has announced that the agency plans to ask for input later this year via an advance notice of proposed rulemaking (ANPR) regarding implementation of Section 1033 of the Dodd-Frank Act, which governs consumers’ access to their financial data.
The…
Government Relations Policy Updates