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On Feb. 21, 2020, Nacha filed a comment letter t o the Securities and Exchange Commission (SEC) in response to the notice and request for comment regarding Fee Payment Modernization. The SEC requested comment on their proposal to eliminate payment by …
Nacha provided comments on the notice of proposed rulemaking (the “Proposed Rule”) regarding Federal Government participation in the Automated Clearing House (“ACH”). Title 31 CFR Part 210 (“Part 210”) governs the use of the ACH Network by Federal …
The purpose of the CFPB request was to propose a delay to the effective date of the mandatory underwriting provisions of the regulation promulgated by the CFPB in November 2017 governing Payday, Vehicle Title, and Certain High-Cost Installment Loans (the …
On Oct. 31, 2019, Nacha submitted a comment letter to the Federal Reserve Board of Governors in response to the recent notice and request for comment regarding the proposal to develop a new real-time payment and settlement service, called FedNow. In the …
The Nacha Operating Rules are the foundation for every ACH payment. By defining the roles and responsibilities of financial institutions and establishing clear guidelines for each Network participant, the Rules ensure that millions of payments occur …
Please find below the most commonly asked questions and answers. Note : If your organization requires special permission to install programs, please contact your IT department for assistance. What is Flux Player App? The Flux Player App is an application …
At the Fed, Being an AAP Means Recognition as an Expert Nell Campbell-Drake, AAP Vice President Federal Reserve Bank of Atlanta While attending her first Nacha Payments conference, Nell Campbell-Drake’s colleagues left her behind one evening. “They said, …
Studying A-to-Z for the AAP Exam Joyce Bucknam, AAP Remote Systems Manager Reliant Community Federal Credit Union Joyce Bucknam spent 10 months preparing for the AAP exam. And for good reasons. “It was a very intense exam. It truly is a reading exam,” …