Blog Posts in Electronic Funds Transfer Act

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  • Please contact us if your bank refuses to honor requests  to stop debiting your account
    Please contact us if your bank refuses to honor requests to stop debiting your account

    The Consumer Financial Protection Bureau recently entered into a settlement with USAA Federal Savings Bank. The CFPB complained that USAA would not allow consumers to stop debits of their accounts by ...

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  • Premature Debits by Debt Collector
    Premature Debits by Debt Collector

    Question: Is it legal for a debt collector to take money out of your account before the payment dates that were set up to pay them back? Answer: No. What you describe may be illegal under federal and ...

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