Under the Electronic Fund Transfer Act, which two banking practices are part of the consumer’s responsibility?

A. knowing rights and responsibilities relating to money transfers
B. disposing of credit reports to maintain security
C. notifying the bank of lost credit or debit cards
D. testing networks to ensure there is appropriate network security

The Electronic Funds Transfer Act is a government law that secures shoppers occupied with the exchange of assets through electronic techniques. This incorporates the utilization of charge cards, computerized teller machines and programmed withdrawals from a financial balance. The demonstration likewise gives a methods for rectifying exchange blunders and restricts the risk from any misfortunes because of a lost or stolen card.

Tundexi Tundexi · Answer 2 · 2022-01-31T17:44:20+01:00

The banking practices that are part of the consumer’s responsibility under the EFTA includes knowing rights and responsibilities relating to money transfers and notifying the bank of lost credit or debit cards.

The Electronic Funds Transfer Act is a legislation that helps to secures shoppers occupied with the exchange of assets through electronic techniques.

The aim of this legislation incorporates the utilization of charge cards, computerized teller machines and programmed withdrawals from a financial balance.

The banking practices that are part of the consumer’s responsibility under the EFTA includes:

knowing rights and responsibilities relating to money transfers and
notifying the bank of lost credit or debit cards".

Therefore, the Option A and C is correct.