In an op-ed appearing in American Banker on April 3, 2024, NCLC senior attorney Carla Sanchez-Adams and Michael Herd, Executive Vice President for ACH Network Administration at Nacha, write tourge the Federal Reserve to expand the ACH network’s hours of operation to settle payments on weekends and holidays.
“Expanding NSS operating hours means American workers could get paid on weekends and holidays, which is especially important for those who work shifts or gigs over weekends and holidays. They could receive Direct Deposits to their bank accounts sooner than the next banking day.”
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