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Federal Reserve NACHA Automated Clearing House (ACH)

Davis Wright Tremaine LLP

Update: NACHA Adopts Same-Day ACH Rule

Update: The Federal Reserve received forty comments in response to its request. A majority of the commenters supported both mandatory participation by RDFIs and the same-day fee payable by ODFIs to RDFIs. Many commenters...more

Katten Muchin Rosenman LLP

Federal Reserve To Require Same-Day ACH Service

On September 23, the Federal Reserve Board announced the approval of “enhancements” to the Federal Reserve Banks’ same-day automated clearing house (ACH) service. According to the Fed, “[t]he enhancements are intended to...more

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