Jump to Content
ABA Logo
Act

Electronic Fund Transfer Act

EFTA establishes the rights, liabilities, and responsibilities of consumers and banks with regard to electronic fund transfers. It sets caps on interchange debit card fees and give merchants choices in routing debit card transactions. It also requires notices and creates rights for consumers who send international wire transfers (remittances).

Regulation E implements EFTA’s provisions related to consumer protections and bank responsibilities and protections and those related to remittances. Regulation II implements the provisions related to interchange fee caps and routing requirements.

Understanding the Law

Statutes

Rules & Regulations

Agency Guidance

Related Training & Events

View All

Agency Materials

Show MoreLess

Our Experts

Nessa Feddis

Nessa E. Feddis

SVP & Senior Counsel, Consumer Regulations and Compliance Solutions

Compliance

Contact Nessa

Stay Connected