Public Law 119-73 (01/23/2026)

15 U.S.C. § 1693k

Compulsory use of electronic fund transfers

No person may—
(1)
condition the extension of credit to a consumer on such consumer’s repayment by means of preauthorized electronic fund transfers; or
(2)
require a consumer to establish an account for receipt of electronic fund transfers with a particular financial institution as a condition of employment or receipt of a government benefit.

Pub. L. 90–321, title IX, § 913Pub. L. 95–630, title XX, § 200192 Stat. 3737(, as added , , .)