Knowing Your Rights: New York’s AG Takes Action Against Citibank Regarding Online Banking Fraud
When money is stolen from your bank account, your legal rights will depend on the mode of transaction employed by the fraudster. Most online banking transactions are governed by the Electronic Fund Transfer Act (the “EFTA”), but some—namely wire transfers—are governed by a particular set of state laws (Article 4A of the Uniform Commercial Code) […]
Knowing Your Rights: Do You Have an EFTA Claim?
As highlighted in other installments of this series, a consumer whose money was stolen via an electronic funds transfer (“EFT”) probably has a better claim against their financial institution than a consumer whose money was stolen via a wire transfer. This is because the Electronic Fund Transfer Act (“EFTA”) governs EFTs and allows several remedies, […]
Kelly Guzzo Files Suit Alleging Illegal Offsets of Consumer Bank Accounts
Kelly Guzzo recently filed a lawsuit against a credit union on behalf of consumers who had money taken from their bank accounts when they were behind on credit card accounts with the same financial institution. If your credit card company took funds from your bank account to offset (or set off) a past due credit […]
