The CFPB’s proposal, its first attempt to regulate cryptocurrencies and stablecoins, is unlikely to survive the administration change.

New York Attorney General Letitia James filed a lawsuit against Citibank accusing it of neglecting to protect its customers ...

On January 10, 2025, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a proposed interpretive rule that would expand the ...

The Electronic Funds Transfer Act protects consumers from liability for unauthorized transfers from their accounts.

The Electronic Funds Transfer Act limits a cardholder’s liability to $50 if the debit cardholder notifies the bank within two days of discovering fraud or after losing their card. If the ...

The proposed rule would interpret terms in the Electronic Fund Transfer Act, or EFTA, which has traditionally been used to protect consumers from unauthorized debit transactions, to include some ...

Peer-to-peer platforms such as Cash App are generally required by law, under the Electronic Fund Transfer Act, to investigate disputes of unauthorized transactions. But Cash App customers ...

something that's not generally true under the Electronic Fund Transfer Act. Block would use that claim to avoid assuming responsibility, and when it would investigate a complaint, it relied on ...

"Transmitting funds outside of the banking system, where the Electronic Funds Transfer Act provides consumer protections, is risky for consumers because the systems are not well-managed," Conti ...