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The Nacha Operating Rules: Let's Write A Rule!


Date 02:15 PM - 03:30 PM (1 hour 15 minutes)
Tuesday, July 16
Master’s Program
On Campus

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This course begins with a look at the role of Nacha's Rules and Operations Committee, the journey from idea to implementation – including Requests for Comment (RFC), Requests for Information (RFI) and ballot processes – and how private sector rule-making is key to the ACH Network's success. Following the lecture, students are asked to brainstorm a rule they would like to see implemented and are asked to present a business case for that rule, including implementation impacts to ACH participants to include systemic and opportunity costs, and a recommendation for how long an implementation period would be needed were the rule to be passed.