DFA (Dodd-Frank Act)

DFA (Dodd-Frank Act)

The Dodd-Frank Act was made effective in 2010 to promote financial stability in the U.S. by increasing accountability and transparency.

Related Terms

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • MTE (Machine Transfer Entry)

    An entry initiated at an electronic terminal, such as an automated teller machine (ATM). This entry can either be a debit or a credit.

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