Establishes the rights, liabilities, and responsibilities of parties in electronic funds transfers and protects consumers when they use such systems

Electronic Fund Transfer (EFT) generally refers to a transaction initiated through an electronic terminal, telephone, computer, or magnetic tape that instructs a financial institution either to credit or to debit a consumer's asset account

• Includes automated teller machine transfers, telephone bill-payment services, point-of-sale (POS) - terminal transfers in stores, and preauthorized transfers from or to a consumer's account (such as direct deposit and social security payments)

Small Entity Compliance Guide

To withdraw certain interim rules that were never made final and to clarify when electronic disclosures must be made in connection with electronic applications  
comments due 6.21.07

To provide additional clarification regarding Reg E's coverage of the electronic collection of insufficient-funds fees by merchants and other payees and consumer-notice requirements for electronic check conversion transactions  comments on interim amendments due 9.29.06

To define "clear and conspicuous" disclosures and to establish a more uniform disclosure standard among the Board's consumer regs  comments due 1.30.04

To establish uniform standards for the electronic delivery of federally mandated disclosures  comments due 6.01.01

Simplify the Board's rules by withdrawing certain portions of the E-Sign Act, withdraw undue burdens and retain certain provisions regarding guidance on the use of electronic disclosure

Amendment to make Reg E applicable to payroll card accounts  effective 7.01.07

Amendments

Implements the Electronic Fund Transfer Act to facilitate the ability to use debit cards

Index

Appendices