What is a federal act that protects payroll cardholders called?

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2026-07-15 05:50

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The federal act that protects payroll cardholders is known as the Electronic Fund Transfer Act (EFTA). This law establishes the rights, liabilities, and responsibilities of consumers and financial institutions regarding electronic fund transfers, including transactions made with payroll cards. It mandates that consumers receive disclosures about the terms and conditions of their payroll cards and provides protections against unauthorized transactions.

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