Consumer Credit Protection Act Amendments

[AI summary unavailable — showing source text] Consumer Credit Protection Act Amendments - Title I: Electronic Funds Transfers - Electronic Funds Transfer Act - Amends the Consumer Credit Protection Act to prohibit the execution of purchase or transfer transactions by electronic means other than under an electronic funds transfer agreement entered into between an institution and a consumer. Defines the term "electronic funds transfer agreement" as an agreement between an institution and a consumer under which the institution provides the consumer with the capacity to engage in electronic transfer or purchase transactions. Requires an institution, before entering into an electronic funds transfer agreement, to disclose clearly in writing to a consumer: (1) the conditions under which any charges may be imposed on any consumer account; (2) the terms and conditions of the electronic funds transfer agreement; (3) the circumstances under which the institution may cancel or restrict the electronic funds transfer agreement; (4) the consumer's right to receive a record of transactions; (5) the consumer's right to reverse a transfer of funds; (6) the manner in which the consumer should report a theft, loss, or unauthorized use of a funds…