The Electronic Fund Transfer Act (EFTA) b is a federal law that protects consumers who transfer funds
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The Electronic Fund Transfer Act (EFTA)b is a federal law that protects consumers who transfer funds electronically. Among other safeguards, EFTA limits the liability that results from a lost or stolen electronic financial information and requires banks to provide information to consumers concerning potentially fraudulent electronic transactions. EFTA does not cover mobile payments. Should it? Why or why not?
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