We live in an amazing time: when once cash was king and ruled over every transaction, today, we can pay for goods and services in a variety of ways--credit, debit, ATM, stored value cards, checks, e-sign, and even cell phone “e-wallets.” There seems to be no limit to the manner in which Americans can pay for a purchase.
But while consumers have a broad range of choices for making payments, these payment methods are governed by a wide variety of legal rules, and as a consumer, we find ourselves questioning with increasing frequency the legitimacy of charges that are tacked onto many of our transactions.
Designed for anyone who has ever used anything but cash to pay for a purchase, this book and audio CD set delves into the complex network of electronic transactions and associated fees, providing clarity to the laws and regulations that govern consumer banking practices.
Summary of Contents:
Overview of Payments Law | Limits on Involuntary Payments from Bank Accounts: Garnishments and Set-off | The Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act of 2009).
Number of Pages: 120