Which organization enforces the Nacha Operating Rules?

Nacha, short for the National Automated Clearing House Association, is responsible for developing and enforcing the Operating Rules that govern the ACH (Automated Clearing House) network. These rules set standards for originating and receiving ACH transactions, ensuring a safe and efficient payment system. As the governing body, Nacha not only creates these rules but also has the authority to enforce compliance among its member organizations, which include banks and other financial institutions.

While other organizations listed play important roles in various aspects of the financial system, they do not have the jurisdiction to enforce the Nacha Operating Rules. The Federal Reserve handles monetary policy and payment systems but does not enforce Nacha's rules. Similarly, the Office of the Comptroller of the Currency supervises and regulates national banks and federal savings associations, while the Consumer Financial Protection Bureau focuses on consumer protection in financial products and services. However, these entities do not have direct involvement in regulating or enforcing the specific Operating Rules for ACH transactions set forth by Nacha. Thus, Nacha itself is the correct choice for the organization that enforces its own Operating Rules.