Consumer Banking and Payments Law: 5.17.2.1 Remedy When Institution Fails to Follow Consumer Transfer Instructions—Section 1693h
Section 5.6.1, supra, discusses the EFTA’s general remedies and application to any violation. The EFTA also provides special remedies for several specific violations. The first of these is a special remedy for certain violations involving the failure to follow a consumer’s money transfer instructions. A financial institution is liable to a consumer under 15 U.S.C.