Consumer Banking and Payments Law: 5.17.7 NACHA Enforcement of Consumer Complaints
NACHA rules specify that they do not create rights or remedies for consumers.1734 However, every financial institution participating in the NACHA system agrees to comply with the rules’ enforcement procedure,1735 which provides a method for reporting rules violations and the imposition of fines.1736 Any “ACH participant” who is a party to a transaction may submit to NACHA a rep