Citibank Loses Bid To Dismiss Lawsuit Alleging Failure To Protect Its Customers From Scams
New York Attorney General Letitia James filed a lawsuit against Citibank accusing it of neglecting to protect its customers ...
Ask questions about high-tech banking services
By Rosemary Heins, University of Minnesota Extension Speed, convenience and flexibility are being added to banking services by the use of Internet and telephone banking. While the new services can ...
Denver woman's financial nightmare ends with $7,800 recovery after bank reverses decision
The Electronic Funds Transfer Act protects consumers from liability for unauthorized transfers from their accounts.
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CFPB Proposes Significant Expansion in Scope of EFTA and Regulation E
On January 10, 2025, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a proposed interpretive rule that would expand the ...
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Checking Accounts
An online account is typically funded by either direct deposit or electronic funds transfer, which can be facilitated at account opening. Learn More How to Open a Checking Account Online How do ...
5 Europeans, in the country illegally, stole funds meant for low-income L.A. families, U.S. says
Five men were arrested in L.A. on suspicion of using counterfeit EBT cards to withdraw funds intended to provide food and aid ...
JD Supra11d
CFPB Takes Action Against Fintech for Alleged Deceptive ATM Fee Disclosures and Violations of the Electronic Fund Transfer Act
On January 30, 2025, the CFPB entered into a consent order with the Company, alleging violations of the Consumer Financial Protection Act ("CFPA") ...
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How to Transfer Money in Canada
Interac e-transfers are a form of electronic funds transfer facilitated by the online payment system, Interac. Payments are nearly instant, and the only information you need to send an Interac e ...