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

Electronic Funds Transfer (EFT): The electronic exchange (transfer of money from one bank account to another), either within a single financial institution or across multiple institutions, through ...

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

On January 10, 2025, the Consumer Financial Protection Bureau (CFPB) issued a proposed interpretative rule that would extend the consumer protections of the Electronic Funds Transfer Act (EFTA ...

Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's ...

New York AG Letitia James' lawsuit against Citibank for inadequate fraud safeguards proceeds after a judge's ruling.

A federal judge on Tuesday rejected Citigroup's bid to dismiss a lawsuit by New York Attorney General Letitia James claiming ...

On January 30, 2025, the CFPB entered into a consent order with the Company, alleging violations of the Consumer Financial Protection Act ("CFPA") ...

Citigroup faces legal challenges as fraud claims proceed, exposing flaws in its security systems & raising concerns over ...

Families relying on assistance to put food on the table say their Electronic Benefit Transfer (EBT) credits have ...

Interac e-transfers are a form of electronic funds transfer facilitated by the online payment system, Interac. Payments are nearly instant, and the only information you need to send an Interac e ...

An online account is typically funded by either direct deposit or electronic funds transfer, which can be facilitated at account opening. Learn More How to Open a Checking Account Online How do ...