An EFTA claim attorney is an attorney who specializes in representing a consumer that has encountered problems with electronic funds transfers-unauthorized transactions, errors in account statements, and violations of their rights under the EFTA.
The Electronic Fund Transfer Act was passed in 1978, and it regulates the rights, liabilities, and responsibilities of consumers, financial institutions, and electronic fund transfer service providers relating to electronic funds transfers. The law regulates various types of electronic transactions, such as ATM withdrawals, debit card transactions, direct deposits, and online bill payments.
An attorney for an EFTA claim will have an in-depth knowledge of what a consumer's rights and protections are under the Electronic Fund Transfer Act. They will explain the different provisions of the law and advise a client about the available options for filing a claim or resolving a dispute.
EFTA claim attorneys also offer proactive legal advice to financial institutions and electronic fund transfer service providers to ensure that they comply with the Electronic Fund Transfer Act and related regulations. They will review the policies, procedures, and practices of a client to identify any potential areas of risk and recommend appropriate measures that will help mitigate the risk of legal exposure.
In other words, an EFTA claim attorney is a valuable friend to a consumer with electronic fund transfer problems. Basically, they will act to protect the rights of consumers and pursue remedies for any violations of law. Whether they will negotiate, mediate, or litigate on behalf of their client in disputes involving electronic funds transfers, the lawyers work hard to ensure that their client receives a fair and just resolution.