Electronic Fund Transfer Act of 1978

Citation: Electronic Fund Transfer Act, Pub. L. No. 95-630 (Title XX § 2001), 92 Stat. 3728 (Nov. 10, 1978), codified at 15 U.S.C. §1693 et seq.

The Act provides a basic framework of the rights, liabilities, and responsibilities of parties involved in making electronic fund transfers. It grants consumers protections when using a credit or debit card for financial transactions.