Electronic Fund Transfer Act / Regulation E
Consumer protections for electronic fund transfers, errors, unauthorised transfers and disclosures.
Articles (27)
Authority and purpose.Definitions.Coverage.General disclosure requirements; jointly offered services.Issuance of access devices.Liability of consumer for unauthorized transfers.Initial disclosures.Change in terms notice; error resolution notice.Receipts at electronic terminals; periodic statements.Preauthorized transfers.Procedures for resolving errors.Relation to other laws.Administrative enforcement; record retention.Electronic fund transfer service provider not holding consumer's account.Electronic fund transfer of government benefits.Disclosures at automated teller machines.Requirements for overdraft services.Requirements for financial institutions offering prepaid accounts.Internet posting of prepaid account agreements.Requirements for gift cards and gift certificates.Remittance transfer definitions.Disclosures.Estimates.Procedures for resolving errors.Procedures for cancellation and refund of remittance transfers.Acts of agents.Transfers scheduled before the date of transfer.
Controls that address this (3)
EFTAR-001-001 - Electronic Fund Transfer Consumer Protectionsoperational · high priority · Implement Regulation E consumer protections for electronic fund transfers: error resolution procedures (45-day investigation), provisional cEFTAR-002-001 - EFT Disclosure Requirementsoperational · high priority · Provide required Regulation E disclosures: initial disclosure at account opening covering terms and conditions, error resolution rights, feeEFTAR-003-001 - EFT Periodic Statement Requirementsoperational · high priority · Provide required Regulation E periodic statements for EFT accounts including: transaction details, fees, balances, and error resolution cont