Hi! I work at Plaid wanted to share that the Consumer Financial Production Bureau addressed the fact that a financial institution cannot waive liability respons

Hi! I work at Plaid wanted to share that the Consumer Financial Production Bureau addressed the fact that a financial institution cannot waive liability responsibilities in a recent Compliance Aid. FAQ 4 says that instititutions cannot rely on an agreement with the consumer that waives the liability protections under Regulation E if a consumer has shared their account information with a third party because those are protections provided under the Electronic Funds Transfer Act. Source: https://www.consumerfinance.gov/compliance/compliance-resources/deposit-accounts-resources/electronic-fund-transfers/electronic-fund-transfers-faqs/ https://www.consumerfinance.gov/compliance/compliance-resour...