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Search Results: keywords:"electronic fund transfer act"

  • H.R. 9303 aims to amend the Electronic Fund Transfer Act by treating fraudulently induced electronic fund transfers the same way as unauthorized transfers. This bill updates definitions and consumer protections, ensuring better liability sharing between financial...

    Simple Explanation

    H.R. 9303 wants to make sure that when someone tricks you into sending money online, it should be treated the same way as if someone stole your money without you knowing, so banks have to help get your money back.

  • S. 4943 aims to amend the Electronic Fund Transfer Act to ensure that electronic fund transfers induced by fraud are treated the same way as unauthorized transfers. It updates definitions and establishes shared liability between financial institutions when such transfers...

    Simple Explanation

    S. 4943 wants to make sure that when someone tricks you into sending money online, it's treated the same way as if someone stole from you, helping to protect people from scammers by making banks share the blame if they mess up.

  • H. R. 9679, titled the "SAFE Lending Act of 2024," aims to amend the Truth in Lending Act to improve consumer protections in the extension of credit. It proposes new rules to limit the use of unauthorized remotely created checks, enhance transparency and consumer empowerment in small-dollar...

    Simple Explanation

    The "SAFE Lending Act of 2024" tries to make borrowing money safer by setting rules to stop sneaky tricks and hidden fees, and it wants to make it clearer and fairer when people get small loans.

  • S. 5129, titled the "SAFE Lending Act of 2024," aims to enhance consumer protections in electronic lending. It amends the Truth in Lending Act and the Electronic Fund Transfer Act to prevent unauthorized use of remotely created checks and ensure transparency in small-dollar...

    Simple Explanation

    The SAFE Lending Act of 2024 is like a set of new rules to make sure when people borrow small amounts of money online, the process is fair and clear, so they don't end up with surprise fees or tricky situations. It sets up guidelines for lenders to be honest, especially when loans happen over the internet, and helps to keep people's money details private and safe.

  • H.R. 6817 proposes imposing a 10% fee on remittance transfers sent from the United States to other countries to fund border security. The collected fees will be transferred to a newly established Border Enforcement Trust Fund, which will finance the hiring and training of...

    Simple Explanation

    H.R. 6817 is a plan where people in the United States would pay an extra 10% when sending money to family in other countries, and this money would be used to protect the borders by hiring more guards and building walls. People who don't follow the rules could get in big trouble, like paying a lot of money or even going to jail.