CFPB Issues FAQs on Electronic Fund Transfers
By EsqSocial Corporation 09/06/21
On June 4, the CFPB issued eight updated FAQs to the unauthorized transfer and error resolution provisions under the Electronic Fund Transfer Act (EFTA) and Regulation E. Highlights from the FAQs include the following: • Unauthorized electronic fund transfers (EFTs) include situations where a consumer is fraudulently induced by a third party into sharing account access information without consent......
By: Sheppard Mullin Richter & Hampton LLP