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Electronic Fund Transfer Act
Other short titles
Financial Institutions Regulatory and Interest Rate Control Act of 1978
Change in Bank Control Act
Change in Savings and Loan Control Act
Depository Institution Management Interlocks Act
Export-Import Bank Act Amendments
Federal Financial Institutions Examination Council Act
National Credit Union Central Liquidity Facility Act
Right to Financial Privacy Act
Long title
An Act to extend the authority for the flexible regulation of interest rates on deposits and accounts in depository institutions.
Nicknames
American Arts Gold Medallion Act
Enacted by
the 95th United States Congress
Effective
November 10, 1978
Citations
Public law
95-630
Statutes at Large
92 Stat. 3641 aka 92 Stat. 3728
Codification
Titles amended
12 U.S.C.: Banks and Banking
15 U.S.C.: Commerce and Trade
U.S.C. sections amended
12 U.S.C. ch. 3 § 226 et seq.
15 U.S.C. ch. 41 § 1601 et seq.
15 U.S.C. ch. 41 § 1693 et seq.
Legislative history
Introduced in the House as H.R. 14279 by Fernand St. Germain (D-RI) on October 10, 1978
Committee consideration by House Banking, Finance, and Urban Affairs, Senate Banking, Housing, and Urban Affairs
Passed the House on October 11, 1978 (passed)
Passed the Senate on October 12, 1978 (passed) with amendment
House agreed to Senate amendment on October 14, 1978 (341–32, in lieu of H.Res. 1439) with further amendment
Senate agreed to House amendment on October 14, 1978 (agreed)
Signed into law by President Jimmy Carter on November 10, 1978
Major amendments
Credit CARD Act of 2009
The Electronic Fund Transfer Act was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transfer activities.[1]
The act's provisions were implemented through Federal Reserve Board Regulation E.
According to the United States ElectronicFundTransferAct of 1978 it is "a funds transfer initiated through an electronic terminal, telephone, computer...
an unauthorized transaction. The ElectronicFundTransferAct (EFTA) was written to protect consumers in transfers through ATMs, point-of-sale terminals...
(PDF). Archived from the original (PDF) on January 24, 2009. ElectronicFundTransferAct "Dodd-Frank: Title X - Bureau of Consumer Financial Protection"...
the Uniform Commercial Code for wholesale transactions and the ElectronicFundTransferAct for consumer transactions. Provider's responsibility and consumer's...
over 200 tonnes of gold get transferred to New York following the raising of prices in America. Prior to Gold Reserve Act 1934, the Federal Reserve System...
monetary system[1] Margaret Garritsen de Vries, The International Monetary Fund, 1966–1971 [2] "Money Matters: An IMF Exhibit – The Importance of Global...
to the Federal Reserve Act until the Banking Act of 1935 (P.L. 74-305, 49 Stat. 684). Upon enactment of the Federal Reserve Act on December 23, 1913, the...
where he founded and led the Industrial Group within the Carlyle U.S. Buyout Fund. After leaving Carlyle, Powell founded Severn Capital Partners, a private...
The Equal Credit Opportunity Act (ECOA) is a United States law (codified at 15 U.S.C. § 1691 et seq.), enacted October 28, 1974, that makes it unlawful...
Banking Act (EBA) (the official title of which was the Emergency Banking Relief Act), Public Law 73-1, 48 Stat. 1 (March 9, 1933), was an act passed by...
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created...
not belong to the bank, which transferred all of its domestic gold reserves to the Treasury under the Gold Reserve Act of 1934. Nearly 98% of it belongs...
Act of 1978 Agricultural Adjustment Act of 1980 Airline Deregulation Act Carter bonds Community Reinvestment Act DIDMC ActElectronicFundTransfer Act...
Robert (2010). "The Taylor Rule and the Practice of Central Banking". SSRN Electronic Journal. The Federal Reserve Bank of Kansas City. doi:10.2139/ssrn.1553978...
The Truth in Lending Act (TILA) of 1968 is a United States federal law designed to promote the informed use of consumer credit, by requiring disclosures...
competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to nations with...
rest must be transferred via the Board of Governors to the Secretary of the Treasury, who then deposits it to the Treasury's general fund. When a Reserve...
under Regulation Z (Truth in Lending Act) for credit card practices and Regulation E (ElectronicFundTransferAct) for deposit account overdrafts stemming...
from the original (PDF) on 2021-01-26, retrieved 2020-11-07 "ElectronicFundTransferAct" (PDF). Federal Reserve, Consumer Compliance Handbook. November...
obligations of the United States Government, bank acceptances, cable transfers, and bills of exchange. Hence, the reserve banks were at times bidding...
expectations of future Fed policy changes. Based on CME Group 30-Day Fed Fund futures prices, which have long been used to express the market's views on...
and electronic payment processing. Each day the Federal Reserve System processes millions of payments in the form of both paper checks and electronic transfers...
Safety Fund provided deposit insurance for member banks. In Boston, the Suffolk Bank guaranteed that bank notes would trade at near par value, and acted as...
Truth in Lending Act. United States debit card holders are guaranteed reversal rights by Regulation E of the ElectronicFundTransferAct. Similar rights...
hedge fund Paulson & Co. hired Greenspan as an adviser. According to the terms of their agreement, he was not to advise any other hedge fund while working...
Global Information
