Electronic Fund Transfer Act

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Electronic Fund Transfer Act

Other short titles	Financial Institutions Regulatory and Interest Rate Control Act of 1978 Change in Bank Control Act Change in Savings and Loan Control Act Depository Institution Management Interlocks Act Export-Import Bank Act Amendments Federal Financial Institutions Examination Council Act National Credit Union Central Liquidity Facility Act Right to Financial Privacy Act
Long title	An Act to extend the authority for the flexible regulation of interest rates on deposits and accounts in depository institutions.
Nicknames	American Arts Gold Medallion Act
Enacted by	the 95th United States Congress
Effective	November 10, 1978
Citations
Public law	95-630
Statutes at Large	92 Stat. 3641 aka 92 Stat. 3728
Codification
Titles amended	12 U.S.C.: Banks and Banking 15 U.S.C.: Commerce and Trade
U.S.C. sections amended	12 U.S.C. ch. 3 § 226 et seq. 15 U.S.C. ch. 41 § 1601 et seq. 15 U.S.C. ch. 41 § 1693 et seq.
Legislative history
Introduced in the House as H.R. 14279 by Fernand St. Germain (D-RI) on October 10, 1978 Committee consideration by House Banking, Finance, and Urban Affairs, Senate Banking, Housing, and Urban Affairs Passed the House on October 11, 1978 (passed) Passed the Senate on October 12, 1978 (passed) with amendment House agreed to Senate amendment on October 14, 1978 (341–32, in lieu of H.Res. 1439) with further amendment Senate agreed to House amendment on October 14, 1978 (agreed) Signed into law by President Jimmy Carter on November 10, 1978
Major amendments
Credit CARD Act of 2009

The Electronic Fund Transfer Act was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transfer activities.^[1]

The act's provisions were implemented through Federal Reserve Board Regulation E.