A Discussion with Nacha on Proposed Rulemaking Regarding Fraud

Troutman Pepper's Payments Pros podcast offers insights from Troutman Pepper Fintech and Payment practice group attorneys, industry business leaders, and regulatory experts on the most challenging legal and regulatory concerns confronted by participants in the payments industry — including everything from BSA to EFTs, fintech to regtech, licensure to lending, Nacha to the CFPB, and payment processing to debt collecting. Our attorneys, industry experts, and regulatory insiders walk you through the federal and state regulatory, legal, and business intricacies of the highly complex payments industry.

In our first episode, Troutman Pepper attorneys Keith Barnett and Carlin McCrory welcome Nacha Senior Director of Network Risk Management Jordan Bennett to discuss Nacha's recent request for information (RFI) and request for comment (RFC) regarding ACH risk management.

With the June 16 deadline to provide comments quickly approaching, Keith, Carlin, and Jordan discuss nine specific RFC proposals to amend the Nacha operating rules and four other RFI topics to gather industry perspectives — all geared toward reducing successful fraud incidents and improving fund recovery within the ACH network.