United States Code Title 15 — Commerce and Trade

§ 1693k. Compulsory use of electronic fund transfers

§ 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.