Recent ACH Rules & Enhancements from A Legal Perspective

Amendments to the Nacha Operating Rules are voted on by Nacha members following extensive input from Nacha’s Rules & Operations Committee. The need for change is evaluated based on marketplace needs and feedback from payments industry participants via a Request for Comment process. Between passage of a successful ballot and the implementation date, education becomes key. In 2020, Nacha implemented amendments pertaining to Warranty Claims, Data Security, and Reversals & Enforcement. Instructors in this session explain these changes, how proposed rule changes are evaluated by members and their impact on legal and compliance matters.

INSTRUCTOR(S):

Ivy Gupta, Senior Associate General Counsel and Senior Vice President, Truist Financial Corporation

Jennifer Stokley, Senior Counsel, Wells Fargo

Matthew C. Luzadder, Partner, Kelley Drye & Warren LLP

Key:

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[Recording] New ACH Rules & Enhancements from A Legal Perspective