Which aspect does the Electronic Funds Transfer Act primarily address?

The Electronic Funds Transfer Act (EFTA) focuses on consumer rights and responsibilities in electronic transactions. This legislation was established to protect consumers involved in electronic financial operations, such as debit card transactions, ATM withdrawals, and direct deposits. It provides guidelines on disclosure requirements, error resolution, and consumer liability for unauthorized transfers, ensuring users are informed and safeguarded against potential risks when engaging in electronic funds transfers.

The Act emphasizes the need for institutions to clearly inform consumers about their rights, thus making it a fundamental piece of legislation protecting individuals from fraud and mishaps that can occur in transactions that utilize electronic mediums. This aligns with the answer that identifies consumer rights and responsibilities as the primary concern of the EFTA.

While the other options address relevant areas within the broader context of electronic banking and money management, they do not capture the main focus of the Electronic Funds Transfer Act. Insurance policies, investment risks, and banking fees, while potentially significant to consumers using electronic services, are not the primary focus of the EFTA as it centers more directly on users' rights and responsibilities in electronic transactions.