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January 19, 2021
Nacha today announced its newest Board Members.
Seven senior executives began terms as Nacha Directors Jan. 1, 2021. These individuals include one current Director who returned to the Board for another term and six individuals who are new to the Nacha Board.
“The Nacha Board provides…
NACHA Governance
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
October 2, 2020
Nacha has approved eight new amendments to the Nacha Operating Rules governing the use of ACH payments. Many of the changes reflect a long-term strategy to modernize the ACH system, both through infrastructure improvements such as Same Day ACH; and making ACH payments easier to use for the country’…
ACH, ACH Network, NACHA Operating Rules, Risk & Compliance, Risk Management
September 15, 2020
As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver hundreds of millions of stimulus payments to Americans, not once, but twice.
The IRS reported that under the CARES Act, 122.5 million EIPs were made by Direct Deposit. When a…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH, Faster Payments, Legislative and Regulatory
September 1, 2020
The Nacha Board Nominating Committee is pleased to announce that the Nacha Board of Directors has approved the initial slate of candidates, as presented by the Board Nominating Committee, for election to the seven Nacha director seats that are being filled through the 2020 Board election process.…
NACHA Governance
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