Deadline: July 15, 2019
ACH Operations Bulletin #2-2019
ACH Network volume saw its biggest quarterly growth in more than a decade during the fourth quarter of 2018. Same Day ACH payments also passed a significant milestone. More than 5.9 billion ACH payments were made in the final quarter of last year: 3.5 billion debits and 2.4 billion credits. That’s up 8.7 percent from the same time in 2017, and is the highest quarterly growth rate in 11 years.
Indemnification Agreement for Use by Financial Institutions in Requesting Return of Funds from ACH Transaction
Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC
The amendments [to Regulation J] align the rights and obligations of parties, including the Federal Reserve Banks, with the Board's 2017 amendments to Regulation CC, which reflected the evolution of the nation's check collection system from one that is largely paper-based to one that is virtually all electronic. The amendments also clarify and simplify provisions of Regulation J, remove obsolete provisions, and improve consistency between Regulation J and Regulation CC. Finally, the amendments clarify that electronically-created items (check-like items created in electronic form that never existed in paper form) are not "items" that the Reserve Banks are authorized to handle under Regulation J.