FTC Staff Comment Before NACHA - The Electronic Payments Association, Regarding Proposed Revisions To the NACHA Operating Rules Described in the Request For Comment - ACH Network Risk and Enforcement Topics

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Matter Number:

P124402

Summary

FTC staff filed a comment supporting NACHA’s proposal to strengthen its rules to monitor bank debit transactions conducted through the Automated Clearinghouse (ACH) Network, including those that have been most closely associated with consumer fraud. The comment also urged NACHA to make clear that its thresholds do not represent an acceptable level for returns, but rather are a signal that enhanced scrutiny of a merchant’s business is warranted.