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Definitions

Cited in 84 Amendments 1 Related
CurrencyCurrent through May 31, 2023
Citation 12 C.F.R. §1005.2
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2 cases
  • Nelipa v. TD Bank
    • United States
    • U.S. District Court — Eastern District of New York
    • June 17, 2024
    ...actual authority to initiate such transfer and from which the consumer receives no benefit[.]” 15 U.S.C. § 1693a(12); see also 12 C.F.R. § 1005.2(m). This definition does not, however, include any electronic fund transfer: (A) initiated by a person other than the consumer who furnished with......
  • Mohamed v. Bank of Am. N.A.
    • United States
    • U.S. Court of Appeals — Fourth Circuit
    • February 16, 2024
    ...regulations" as Subsections B, C, and D; quoted those regulations in full; and asserted that his "account satisfies the definition of 12 C.F.R. § 1005.2, B through D." SA 43-44 (emphasis added). The only argument abandoned in that brief was one based on Subsection A. True, Mohamed's brief o......
1 firm's commentaries
  • The Electronic Fund Transfer Act (“EFTA”) and Crypto
    • United States
    • LexBlog United States
    • January 2, 2024
    ...contexts where consumers lose funds, including when: • A fraudster using stolen credentials initiates an electronic fund transfer (see 12 CFR 1005.2(m)); • A third party fraudulently induces a consumer into sharing account access information (see 12 CFR 1005.2(m)); • The consumer is 100% ne......

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