The Electronic Funds Transfer Act (EFTA) is a federal law protecting consumers when they use electronic means of payment. EFTA requires banks and companies that collect payments through electronic transfers to provide certain disclosures to consumers and to follow certain regulations. For example, a company must always obtain authorization in writing from consumers consenting to reoccurring electronic funds transfers (for example, monthly payments on a debit card).
The EFTA gives consumers the power to challenge errors regarding electronic transfers from their accounts, and the financial institution must have those errors corrected within a certain time period. If a bank, creditor, debt collector, or wire transfer company or another party violates the EFTA, you may be entitled to compensation.
The EFTA protects electronic transfers made by these services:
Automated teller machines (ATMs)
Electronic Check Conversion
At Sturycz Law Group, we are advocates for our clients, protecting their rights as consumers. Our extensive experience in consumer litigation allows us to provide you with the best representation and legal counsel. If you believe a financial institution has violated your rights under the EFTA, contact us today to seek the compensation you deserve.
Mr. Sturycz is a very professional and friendly man who helped in a quick and excellent manner to ease my issues. I was very pleased with his service and would highly recommend him to anyone.
My experience with his firm has all been exceptional. He establishes immediate trust and confidence, in addition to professional integrity. I believe he will represent my interests to the best of his experience and ability.