When the pandemic hit, companies across the country and beyond scrambled their workforces to work from home. No doubt, the IT and cyber security teams for companies were overwhelmed, some more than others, to address the new...more
Broadly, there are two sets of rules governing obtaining authorizations to debit consumers’ bank accounts. One is Regulation E (12 C.F.R. Part 210). The other are the Operating Rules & Guidelines (the “Nacha Rules”),...more
Effective June 30, 2020, companies that are not regulated banks who initiated (as debit or credit entries) 6 million or more ACH transactions (with consumers or businesses) in 2019 will need to comply with a new National...more