09-EA-02: FRB: Electronic Funds Transfers; Regulation E and Overdraft Fees

Regulation E implements the Electronic Funds Transfers Act (Act), which establishes rights, liabilities, and responsibilities for participants involved in EFT systems. Covered transactions under the Act include transfers initiated through automated teller machines (ATM), point-of- sale (POS) terminals, automated clearinghouses (ACH), telephone bill-payment plans, and remote banking programs.

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