Understanding the Electronic Funds Transfer Act EFTA Protecting Yourself from Fraud

Discover the essential protections provided by the Electronic Fund Transfer Act (EFTA)! This federal law safeguards consumers during electronic fund transfers, ensuring you’re not held liable for unauthorized transactions if reported promptly. Learn about the specific time frames for reporting unauthorized transfers and the detailed process EFTA offers for error resolution. We’ll also delve into how EFTA covers preauthorized transfers, giving you more control over your financial transactions. Stay informed and empower yourself with vital knowledge to protect your hard-earned money.

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