National Commission on Electronic Fund Transfers

Overview
The National Commission on Electronic Fund Transfers (NCEFT)

Privacy issues
In 1977, the Commission recognized that EFT privacy concerns could be especially strong. NCEFT devoted 19 recommendations to means of protecting privacy.

Only a few of the NCEFT recommendations were reflected in the two EFT-related laws enacted since 1977 &mdash; the Electronic Funds Transfer Act of 1978 (and Federal Reserve Regulation E) and the Right to Financial Privacy Act of 1978.