MLchartDataset catalogue

Electronic Funds Transfer Act

Term · Law · MLC-T-LAW-001826

A United States federal law enacted in 1978 that protects consumers engaging in electronic fund transfers. It establishes the rights, liabilities, and responsibilities of consumers and financial institutions concerning electronic transfers, such as ATM transactions, debit card purchases, and direct deposits. The Act requires financial institutions to provide disclosures and limits consumer liability for unauthorized transfers.

Table 1. Record
IdentifierMLC-T-LAW-001826
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001826",
  "term": "Electronic Funds Transfer Act",
  "field": "Law",
  "definition": "A United States federal law enacted in 1978 that protects consumers engaging in electronic fund transfers. It establishes the rights, liabilities, and responsibilities of consumers and financial institutions concerning electronic transfers, such as ATM transactions, debit card purchases, and direct deposits. The Act requires financial institutions to provide disclosures and limits consumer liability for unauthorized transfers.",
  "url": "https://mlchart.com/terminology/law/electronic-funds-transfer-act/"
}

Record 1,712 of 5,441 in Law terminology (MLC-0107). Request the full dataset.