WASHINGTON (6/10/11)--The Credit Union National Association (CUNA) has requested comment on operating rule amendments that NACHA, the electronic payments association, has proposed to address various risk management issues. NACHA has proposed prohibiting the sharing of customer information, including full social security numbers. However, portions of customer social security numbers may be shared, according to NACHA. The scope of the condition under which a participating depository financial institution may claim an excused delay would also be modified, excluding delays related to payment interruption, payment suspension, or unavailability of funds from another institution or electronic payment operator from the scope of that provision. Return thresholds for originating depository institutions would also be reduced under the NACHA proposal. Return rates for unauthorized debits would drop from 1% to 0.75% for one year, and then to 0.50%. The threshold for returns resulting from invalid account information would be set at 1%. The due date for compliance audits would also be shifted from Dec. 1 to Dec. 31 under the proposal. The excused delay and audit date provisions would become effective on Sept. 16. The rest of NACHA’s proposed provisions would become effective on March 16, 2012. Comments must be submitted to CUNA by June 17. For the full comment call, use the resource link.