Electronic Fund Transfer Act (EFTA): Federal law that establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfer services and of financial institutions that offer these services
Regulation E: Federal regulation implementing the EFTA, providing a framework for establishing rights, liabilities, and responsibilities of participants in electronic fund transfer systems
UCC Article 4A: Uniform Commercial Code article governing wholesale wire transfers between businesses and financial institutions
Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering
USA PATRIOT Act: Federal law that includes provisions for customer identity verification requirements in financial transactions
Gramm-Leach-Bliley Act (GLBA): Federal law that requires financial institutions to explain their information-sharing practices to customers and protect sensitive data
Consumer Financial Protection Bureau Regulations: Federal regulations governing consumer financial products and services, including payment processing and consumer protections
Fair Credit Reporting Act: Federal law that regulates the collection and use of consumer credit information
State Banking Regulations: Varying state-specific laws governing banking operations and financial transactions within individual states
State Electronic Transaction Laws: State-specific laws governing electronic transactions and digital signatures
State Privacy Laws: State-specific regulations governing the protection and handling of personal information
State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair or deceptive business practices
NACHA Rules: Operating rules for the ACH Network, governing the exchange and settlement of electronic financial transactions
Federal Reserve Requirements: Regulations and standards set by the Federal Reserve for financial transactions and banking operations
