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Regulation E Electronic Fund Transfer Act

Regulation E Electronic Fund Transfer Act

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to initiate a one-time electronic fund transfer from a consumer’s account. The consumer must authorize the transfer (12 CFR 1005.3(b)(2)) Electronic fund transfer (EFT) is a transfer of funds initiated through an electronic terminal, telephone, computer (including online banking) or magnetic tape for the purpose of ordering, instruct-

  Electronic, Fund, Transfer, Electronic fund transfer, Electronic fund transfer act

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