15 U.S.C. § 1693k - Compulsory use of electronic fund transfers

• Cite as: 15 U.S.C. § 1693k

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.