LUNCH & LEARN: 10, 60, 95: What Do They All Mean?
While consumer and corporate ACH disputes may be everyday occurrences, financial institutions must comply with both Regulation E and the Nacha Operating Rules when responding to account holder allegations of errors. Effective June 30, 2021, the Rules will limit the length of time in which an RDFI will be permitted to make a claim against an ODFI's authorization warranty. This interactive session highlights the new Rules and clarifies the various time frames with which ACH Network participants must comply.
Questions answered during this session:
1. How does the new Nacha Operating Rule compare to your requirements under Regulation E?
2. How do you calculate the time frames for the different warranty claims?