Remove CCPA Remove Electronic Fund Transfer Act (EFTA) Remove Procedures
article thumbnail

Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

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. It was a response to emerging technologies like ATMs, electronic POS terminals, and remote banking.