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 ...

With 10 days left in the Biden administration, the Consumer Financial Protection Bureau (CFPB) proposed a new interpretive rule on the ...

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 ...

For outgoing payments to a U.S. bank via electronic funds (wire) transfer, complete the Domestic Electronic Funds Transfer (EFT) Request form and a Direct Payment Request form. The forms require ...