Which of the following governs consumer fund transactions?
A)The Electronic Fund Transfer Act of 1978
B)The Automated Transfer Act of 1990
C)The Electronic Banking Act of 2000
D)The Automated Fund Transfer Regulation of 2002
E)The Uniform Commercial Monetary Services Act of 1990

Question

Quizplus · Accepted Answer

Consumer fund transactions are governed by the Electronic Fund Transfer Act (EFTA)of 1978.This act sets out the rights and liabilities of the parties involved in electronic fund transfers (EFTs).

Which of the Following Governs Consumer Fund Transactions