NEWS on Payments

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ICBA backs single set of ACH rules

Jan 27, 2020
ICBA expressed support for a Treasury Department proposal to largely adopt all 2017, 2018 and 2019 amendments to the Nacha Rules in its regulations governing the use of the ACH Network by federal agencies.

ICBA told Treasury's Bureau of the Fiscal Service that community banks operate more efficiently when the public and private sectors adhere to a single set of ACH operating rules.

Read ICBA's comments