ACH Rules & Regulatory Update
Presentation by Marcy Cauthon
In May of 2023, Nacha issued a Request for Comment (RFC) with several proposed Rule changes sparked by the increased focus on Credit Push Fraud. Based on the number of comments received on this RFC, Nacha is addressing concerns and revising the proposed changes prior to sending to ballot to get final approval of the amendments to the ACH Rules.
This session will discuss the proposed changes and why Nacha feels a change is needed. We will also talk about FinCEN’s Beneficial Ownership Rule which requires business account holders to report beneficial ownership directly to FinCEN via their portal.
Marcy Cauthon, AAP, NCP I Director, Payments & On-Demand Education
Marcy joined EPCOR in February 2011, she has 26 years’ experience in the financial institution industry, including financial institution operations. Marcy obtained her AAP and NCP accreditations in 2011 and the APRP accreditation in 2018. She currently represents the EPCOR membership on the ECCHO Operations Committee, NCP Editorial Board and Nacha’s Payments Innovation Alliance. Marcy is responsible for the National Check Payments Certification Prep Program and On-Demand Education for EPCOR.