Relation to other laws.

CFR · 2024-01-01 · US · Title 12

(a) (i) The addition to an accepted credit card as defined in Regulation Z (12 CFR 226.12, comment 12-2), of the capability to initiate electronic fund transfers; (ii) The issuance of an access device that permits credit extensions (under a preexisting agreement between a consumer and a financial institution) only (iii) The addition of an overdraft service, as defined in § 205.17(a), to an accepted access device; and (iv) A consumer's liability for an unauthorized electronic fund transfer and the investigation of errors involving an extension of credit that occurs under an agreement between the consumer and a financial institution to extend credit when the consumer's account is overdrawn or to maintain a specified minimum balance in the consumer's account, or under an overdraft service, as defined in § 205.17(a). (2) The Truth in Lending Act and Regulation Z (12 CFR part 226), which prohibit the unsolicited issuance of credit cards, govern— (i) The addition of a credit feature to an accepted access device; and (ii) Except as provided in paragraph (a)(1)(ii) of this section, the issuance of a credit card that is also an access device. (b) (2) (i) Requires or permits a practice or act prohibited by the federal law; (ii) Provides for consumer liability for unauthorized electronic fund transfers that exceeds the limits imposed by the federal law; (iii) Allows longer time periods than the federal law for investigating and correcting alleged errors, or does not require the financia

official document · source cfr-2024 · id 12:§ 205.12