Blogs by Trace Fooshee

July 8, 2021

On June 4, 2021, the Consumer Financial Protection Bureau (CFPB) released a “Frequently Asked Question” bulletin designed to provide guidance to consumers and financial institutions (FIs) around compliance with the Electronic Funds Transfer Act (EFTA) and Subpart A of Regulation E (Reg E). Among the many helpful insights that the FAQ bulletin shared were several questions that reveal the bureau’s interpretation of the extent to which these laws should apply to scam victims.