Fi911

JANUARY 4, 2024

The Fair Credit Billing Act (FCBA) Passed in 1974, the FCBA addressed concerns about credit card theft and fraud. The Electronic Fund Transfer Act (EFTA) Enacted in 1978, EFTA regulates bank responses to consumer complaints and sets liability limits for lost or stolen debit cards.

Disputes 92

Disputes Laws Rules Governance 92

Global Fintech & Digital Assets

DECEMBER 21, 2023

The Federal Trade Commission (FTC) also published a short notice in September 2022 on the obligations of BNPL providers vis-à-vis the FTC Act. The growth of BNPL lending is not confined to the US, and regulators in the UK and the EU are implementing measures to address this practice.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Stax

NOVEMBER 11, 2024

Because check payments include not only the bank account number but also name and address, this payment method is not a recommended option. Businesses are expected to have procedures in place to promptly address and reverse erroneous ACH payments, maintaining integrity and trust in the ACH network.

ACH 88

ACH Checks Identity Theft Payments 88

Clearly Payments

FEBRUARY 8, 2024

Key Payment Regulations in The USA Electronic Fund Transfer Act (EFTA): Enacted in 1978, the EFTA establishes the rights, liabilities, and responsibilities of consumers and financial institutions engaged in electronic fund transfers (EFTs).

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105