WASHINGTON (10/8/14)--Comments on a proposed rule from NACHA--The Electronic Payments Association are being collected by the Credit Union National Association through Oct. 13.
CUNA is looking for information on how the proposed rule could affect credit union operations and compliance to the Automated Clearing House (ACH) network.
The proposed rule would amend five areas of NACHA's operating rules:
According to NACHA, the changes are meant to benefit ACH network participants and would help resolve compliance concerns, eliminate requirements that do not add value, improve processing efficiency and lower operating costs.
Use the resource link below to access CUNA's comment call and the proposal in its entirety.