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Nacha approves contact registry rule
Nacha has issued a supplement to its Operating Rules to require participants to provide contact information for an ACH Contact Registry, beginning July 1, 2020, with a deadline for completion of registration of October 30, 2020. Distribution of Supplement #1-2020 is restricted to those who have purchased or have been provided with the 2020 edition of of the Nacha Operating Rules & Guidelines or access to the 2020 Nacha Operating Rules online resource. Nacha will have enforcement authority for the registration requirement beginning August 1, 2021.