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Question
The Electronic Fund Transfer Act, administered by the Consumer Financial Protection Bureau, limits liability on lost, stolen, or misused automatic teller and check cards (debit cards) to
A. $600 if reported after two days but before 60 days of consumers learning of a misuse.
B. amounts over $15 within the consumers home state if reported within seven business days.
C. $50 if reported within two business days of consumers learning of a misuse.
D. $15 within a 100-mile radius of a consumers home if reported within seven business days.
E. $500 after 60 days without reporting.
Answer
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