Glossary · Collections & your rights

Regulation E / EFTA

The federal rule that gives you the right to revoke automatic debits and reverse unauthorized ones.

What "regulation e / efta" means

The Electronic Fund Transfer Act and its Regulation E govern electronic payments from your account. They give you the right to revoke a lender's authorization for recurring ACH debits, and they require your bank to investigate and re-credit unauthorized electronic withdrawals you report in time — generally within 60 days of the statement.

A lender also cannot make automatic repayment a condition of the loan. Together these rules are the legal backbone of shutting off a tribal lender's access to your paycheck.