Podcast

Nacha's Meaningful Modernization Rule: A Close Look at the Changes for Consumer Debit Authorizations and more

August 26, 2021
listen on apple podcasts listen on google podcasts listen on spotify

This episode covers upcoming changes to the Nacha Operating Rules as part of the Meaningful Modernization rule which takes effect September 17, 2021. We discuss the payments environment leading to the changes, new disclosures for consumer ACH authorizations, use cases and requirements for Standing Authorizations and changes for Oral Authorizations. We also touch on the amendments related to proofs of authorization and Written Statements for Unauthorized Debits.

Ballard Spahr Senior Counsel Alan Kaplinsky hosts the conversation, joined by Jennifer Aguilar, an associate in the firm’s Consumer Financial Services Group.

View the recording transcript here.

More Episodes

Subscribe to Ballard Spahr Mailing Lists

Get the latest significant legal alerts, news, webinars, and insights that affect your industry. 
Subscribe

Copyright © 2024 by Ballard Spahr LLP.
www.ballardspahr.com
(No claim to original U.S. government material.)

All rights reserved. No part of this podcast may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.

This podcast is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.