Electronic Fund Transfer Act (EFTA) Legal Legal Framework 
Fi911
JANUARY 4, 2024
Well, from a legal standpoint, there’s actually quite a lot. 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.
Clearly Payments
FEBRUARY 8, 2024
Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. Why Payment Regulation Exists Payment regulation exists for ensuring the integrity, stability, and equity within the payment ecosystem.
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