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The Electronic Fund Transfer Act administered by The Federal Reserve Board: requires the commission to protect consumers against unreasonable risk of harm. requires informative labels

The Electronic Fund Transfer Act administered by The Federal Reserve Board:

requires the commission to protect consumers against "unreasonable risk" of harm.

requires informative labels and warnings to be given on various products.

limits liability on lost, stolen, or misused credit cards to $50.

applies to all product warranties on consumer products costing more than $15.

limits liability on lost, stolen, or misused automatic teller and check cards to $50.

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