IFR for EFT at OMB

The Centers for Medicare & Medicaid Services (CMS) of the Department of Health and Human Services (HHS) has sent to the Office of Management and Budget (OMB) its Interim Final Rule (IFR) for adoption of standards and operating rules for Electronic Funds Transfers (EFT) and operating rules for remittance advice. Following review by OMB, the IFR is expected to be published in the Federal Register before January 1, 2012, as required by statute [124 STAT. 153]