electronic funds

Does Reg E Cover Wire Transfers?

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Does Reg E Cover Wire Transfers? If a financial institution makes a fund transfer to a consumer’s account after receiving funds through Fedwire or a similar network, the transfer by ACH is covered by the regulation even though the Fedwire or network transfer is exempt. What regulation covers wire transfers? Subpart B of Regulation J

What Is Covered Under EFTA?

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What Is Covered Under EFTA? The Electronic Fund Transfer Act (EFTA) protects consumers when transferring funds electronically. … Protection under the EFTA includes transfers made via ATMs, debit cards, direct deposits, point-of-sale, and phone. Who does the EFTA apply to? The requirements of Regulation E apply only to accounts for which there is an agreement