Electronic Fund Transfer Amendments of 1995

Summary

Electronic Fund Transfer Amendments of 1995 - Amends the Electronic Fund Transfer Act to prohibit the Board of Governors of the Federal Reserve System (the Board) from applying to electronic benefit transfers established under a State or local governmental entitlement program certain disclosures, protections, responsibilities, and remedies (in effect, the liability limits currently applicable to private sector ATM and consumer credit cards), unless the payment under such program is made directly into a consumer's account held by the recipient. Declares such prohibition inapplicable to benefit payments made through the use of a debit card unless the Board determines that certain emergency services are available to the recipient in the event the card is reported lost or stolen.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 April 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 7 April 1995

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• Introduced in House

  summary · EN · 7 April 1995

  Open at official source

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