Remove Electronic Fund Transfer Act (EFTA) Remove Laws Remove Legal Framework
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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

What Laws Govern Chargebacks in the US? Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. 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.

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An Overview of Payment Regulation In The USA

Clearly Payments

By enforcing compliance with legal frameworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. It oversees compliance with federal banking laws, including those governing payments.