15 USC 1693

EFTA Compliance Execution

Electronic Fund Transfer Act

The Electronic Fund Transfer Act establishes rights and liabilities for electronic fund transfers. Canarie helps you execute EFTA compliance through automated workflows for error resolution, disclosure management, and liability determination.

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Key Requirements

1
Initial and periodic disclosures
2
Error resolution procedures
3
Unauthorized transfer liability limits
4
Receipt and documentation
5
Preauthorized transfer rules
6
Record retention

The Compliance Execution Challenge

Most institutions struggle with recurring EFTA Compliance Execution requirements. Policy reviews get missed, attestations are chased manually, and evidence is scattered across systems. When examiners ask for proof, teams scramble to piece together documentation.

The Canarie Execution Layer

Canarie transforms EFTA Compliance Execution compliance from periodic scrambles into continuous execution. Recurring tasks are automated, evidence is captured as work is completed, and proof of compliance is always ready for examiners.

Automated Workflows

Recurring compliance tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed. No manual collection.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Actual damages
Statutory damages $100-$1,000
Class action damages
Attorney fees and costs

Frequently Asked Questions

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