ACH Network Consumer Protection Electronic Fund Transfer Act (EFTA) 
EBizCharge
JUNE 3, 2024
Here’s how EFTs work: Initiation: A party starts the EFT process by providing the necessary bank account information and authorizing funds transfer. Processing: The information then goes through a secure network, such as the ACH network, where transactions are batched and processed.
Clearly Payments
FEBRUARY 8, 2024
State Agencies: In addition to federal oversight, individual states have regulatory agencies responsible for overseeing financial institutions and consumer protection within their jurisdictions. These state agencies add another layer of regulation, contributing to the complexity of the regulatory landscape.
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