News & Analysis as of

Financial Institutions Automated Clearing House (ACH)

Ballard Spahr LLP

Federal banking agencies seek information on actions to address payments fraud

Ballard Spahr LLP on

On June 20, 2025, the Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (FRB), and the Federal Deposit Insurance Corporation (FDIC) announced they are seeking...more

Katten Muchin Rosenman LLP

The More You Know Can Hurt You: Court Rules Financial Institutions Need 'Actual Knowledge' of Mismatches for ACH Scam Liability

On March 26, the US Court of Appeals for the Fourth Circuit issued a decision that has important ramifications for banks and credit unions that process millions of Automated Clearing House (ACH) and Electronic Funds Transfer...more

Dinsmore & Shohl LLP

Safeguard your Business: Dinsmore's Craig Horbus on Combatting the Rising Threat of ACH Fraud

Dinsmore & Shohl LLP on

Automated Clearing House (ACH) fraud involves the unauthorized use of the ACH network to transfer funds from a bank account. It poses serious challenges for companies that can lead to substantial financial losses as well as...more

Latham & Watkins LLP

Federal Reserve Launches FedNow Real-Time Payment Service

Latham & Watkins LLP on

Consumers and businesses stand to benefit from rapid access to funds at any time when routed through participating financial institutions. On July 20, 2023, the Federal Reserve announced the long-awaited launch of its...more

Morgan Lewis

SEC Adopts Amendments to Filing Fee Payment Methods, Disclosure Requirements, and Offsets

Morgan Lewis on

The US Securities and Exchange Commission (SEC) has adopted amendments that allow for new payment methods for filing fees, including Automated Clearing House (ACH) payments and debit and credit card payments; revise most...more

Goodwin

SEC Adopts Amendments to Modernize Filing Fee Disclosure and Payment Methods

Goodwin on

In This Issue. The U.S. Securities and Exchange Commission (SEC) adopted amendments to modernize filing fee disclosure and payment methods; the Financial Industry Regulatory Authority (FINRA) announced an examination of...more

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

Spilman Thomas & Battle, PLLC

Unauthorized Transfers Present Growing Risks for Commercial Accounts

Could your institution be at risk of liability for unauthorized wire transfers and Automated Clearing House (“ACH”) credit transfers? Data security breaches continue to garner headlines, and criminals continue to engage in...more

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