Nacha Request for Comment and Request for Information - Risk Management Framework Town Hall

As part of implementing the objectives identified in its new Risk Management Framework, Nacha is requesting comments on proposals to amend the Nacha Operating Rules.  The Risk Management Framework recognizes the rise in credit-push fraud schemes such as Business Email Compromise, account takeovers, vendor impersonations, and others that create the need for new risk management practices.  The objectives of the Risk Management Framework are

 1) to increase awareness of fraud schemes that utilize credit-push payments, 

2) to reduce the incidence of successful fraud attempts, and 

3) to improve the recovery of funds after fraud. There are nine proposals on which Nacha is requesting comment, seven related to ACH credit risk management and two related to ACH debit risk management.

In this Town Hall, Mary Mumper-Morrison will summarize Nacha’s proposals, discuss some of the feedback that has been shared, and explore some of the potential impacts faced by financial institutions and other participants in the ACH Network.