The Electronic Fund Transfer Act (EFTA was enacted in 1978 to protect individual consumers engaging in electronic fund transfers (EFTs). The primary purpose of the EFTA is to provide a basic framework establishing the rights, liabilities, and responsibilities of participants in electronic fund transfer systems. This professional development online course explores the various provisions of the EFTA, including disclosures required under the law, provisions surrounding consumer liability and error resolution, requirements related to receipts and periodic statements, overdraft protection, and penalties for violations of the EFTA.
How it Works This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.