Electronic Funds Transfer Act: What to Know

The Electronic Funds Transfer Act (“EFTA”) is an old statute that is getting some new attention. Since the COVID-19 Pandemic, electronic fraud has been on the rise. Over the last five years, the FBI has received an average of 652,000 complaints of cyber-crimes per year.  

This webinar will discuss how consumer protection attorneys can utilize EFTA as a tool to get some of these victims their money back from a financial institution. The webinar will dive into the types of transfers that fall under the statute; what steps a consumer needs to take to properly bring a dispute under EFTA; the limits on consumer liability for unauthorized transfers; and what damages the consumer is entitled under EFTA. 

This webinar is vitally important for those who are unfamiliar with EFTA, and also makes a great resource for those who may need a refresher. 

What You Will Learn 

• •                What types of transactions apply
  •                How to dispute fraudulent transactions
  •                What the financial institution is required to do in response
  •                What limitations on damages to the consumer are in place
  •                What remedies a consumer can receive, including treble damages

Speakers 

Nicholas Barthel is the founder of Barthel Legal, APC, a consumer protection law firm that focuses most of its practice on representing victims of identity theft and other cybercrimes. Barthel Legal focuses on litigating under Electronic Funds Transfer Act, Fair Debt Collection Practices Act, Fair Credit Reporting Act, Fair Credit Billing Act, and each other their California equivalents.  

Erika Heath fights for economic justice on behalf of consumers and employees, with a particular focus on erroneous credit/background reports, unlawful debt collection practices, bank fraud, ID theft, and other unfair trade practices. She is currently Of Counsel to Francis Mailman Soumilas, P.C., and a Lecturer at Berkeley Law.  

Michael F. “Mike” Cardoza is a California Consumer Financial Protection Attorney who helps people regain control of their financial lives by getting the upper hand on creditors, debt collectors and credit reporting agencies. Trained as a trial attorney in the U.S. Marine Corps, Mike Cardoza has tried countless cases in federal and state courtrooms. Mike founded The Cardoza Law Corporation in order to share the truth about consumer credit and finance with clients and to be their “partner in prosperity.”

Please note that live webinars are free to all NACA members. After the webinar has aired, registrants will need to purchase the webinar if they want to view it. Non-members who purchased the webinar and higher level/firm members with full access to the Training Library will have access to the webinar after it has aired.