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EFTA (Electronic Fund Transfer Act)
The Electronic Fund Transfer Act establishes the rights and liabilities of consumers in addition to the responsibilities of anyone who participates in electronic funds transfers.
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Settlement Date
The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.
Related Terms
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FISMA (Federal Information Security Management Act)
The Federal Information Security Management Act requires all federal agencies to implement cybersecurity programs to protect the information from unauthorized access.
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