15 U.S. Code § 1693 - Congressional findings and declaration of purpose

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(a) Rights and liabilities undefined
The Congress finds that the use of electronic systems to transfer funds provides the potential for substantial benefits to consumers. However, due to the unique characteristics of such systems, the application of existing consumer protection legislation is unclear, leaving the rights and liabilities of consumers, financial institutions, and intermediaries in electronic fund transfers undefined.
(b) Purposes
It is the purpose of this subchapter to provide a basic framework establishing the rights, liabilities, and responsibilities of participants in electronic fund and remittance transfer systems. The primary objective of this subchapter, however, is the provision of individual consumer rights.

Source

(Pub. L. 90–321, title IX, § 902, as added Pub. L. 95–630, title XX, § 2001,Nov. 10, 1978, 92 Stat. 3728; amended Pub. L. 111–203, title X, § 1073(a)(1),July 21, 2010, 124 Stat. 2060.)
Amendments

2010—Subsec. (b). Pub. L. 111–203inserted “and remittance” after “electronic fund”.
Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203effective 1 day after July 21, 2010, except as otherwise provided, see section 4 ofPub. L. 111–203, set out as an Effective Date note under section 5301 of Title 12, Banks and Banking.
Effective Date

Pub. L. 90–321, title IX, § 923, formerly § 921, as added by Pub. L. 95–630, title XX, § 2001,Nov. 10, 1978, 92 Stat. 3741, renumbered § 922,Pub. L. 111–24, title IV, § 401(1),May 22, 2009, 123 Stat. 1751; renumbered § 923,Pub. L. 111–203, title X, § 1073(a)(3),July 21, 2010, 124 Stat. 2060, provided that: “This title [enacting this subchapter] takes effect upon the expiration of eighteen months from the date of its enactment [Nov. 10, 1978], except that sections 909 and 911 [sections 1693g, 1693i of this title] take effect upon the expiration of ninety days after the date of enactment.”
[Pub. L. 111–203, § 1073(a)(3), which directed renumbering of section 922 ofPub. L. 90–321as section 923 effective 1 day after July 21, 2010, was executed after the renumbering of section 921 ofPub. L. 90–321as section 922 by Pub. L. 111–24, § 401(1), effective 15 months after May 22, 2009, to reflect the probable intent of Congress.]
Short Title

This subchapter known as the “Electronic Fund Transfer Act”, see Short Title note set out under section 1601 of this title.

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12 CFR - Banks and Banking

12 CFR Part 533 - DISCLOSURE AND REPORTING OF CRA-RELATED AGREEMENTS

12 CFR Part 555 - ELECTRONIC OPERATIONS

14 CFR - Aeronautics and Space

14 CFR Part 374 - IMPLEMENTATION OF THE CONSUMER CREDIT PROTECTION ACT WITH RESPECT TO AIR CARRIERS AND FOREIGN AIR CARRIERS

 

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