CFPB Bulletin 2022-02 Issues Compliance Bulletin on the Electronic Fund Transfer Act’s Compulsory Use Prohibition and Government Benefit Accounts

February 22, 2022

Section 913 of the Electronic Fund Transfer Act provides, among other things, that a consumer may not be required to establish an account for receipt of EFTs with a particular financial institution as a condition to receive a government benefit.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub