PART I DOCUMENTS THE FIRST 4 DAYS' TESTIMONY ON H.R. 8753. THE BILL IN QUESTION IS CITED AS THE CONSUMER CREDIT PROTECTION ACT AMENDMENTS OF 1977 AND CONSISTS OF TWO PARTS: THE ELECTRONIC FUNDS TRANSFER ACT, AND AN AMENDMENT TO THE TRUTH IN LENDING ACT. THE FORMER SETS FORTH PROVISIONS GOVERNING ELECTRONIC FUNDS TRANSFER AGREEMENTS AND TRANSACTIONS. (ELECTRONIC FUNDS TRANSFER REFERS TO THE SUBSTITUTION OF A DATA TRANSACTION FOR A WRITTEN INSTRUMENT IN THE TRANSFER OF FUNDS FROM ONE ACCOUNT TO ANOTHER, SUCH AS FROM A CONSUMER'S ACCOUNT TO A RETAILER'S ACCOUNT.) THESE PROVISIONS COVER, AMONG OTHER THINGS, ERROR CORRECTION PROCEDURES AND LIABILITY FOR LOSSES TO A CONSUMER'S ACCOUNT RESULTING FROM AN UNAUTHORIZED TRANSFER OF FUNDS. THE TRUTH IN LENDING ACT AMENDMENT PLACES RESTRICTIONS ON CREDIT CARD ISSUANCE AND BILLING PRACTICES, PROHIBITING SUCH THINGS AS THE IMPOSITION OF ANNUAL OR PERIODIC FEES ON TOP OF FINANCE CHARGES. TESTIMONY REGARDING THIS LEGISLATION IS PRESENTED BY REPRESENTATIVES OF CONSUMER GROUPS, GOVERNMENT OFFICIALS (INCLUDING THE SPECIAL ASSISTANT TO THE PRESIDENT FOR CONSUMER AFFAIRS), LAWYERS, AND REPRESENTATIVES OF THE CREDIT CARD INDUSTRY. PREPARED STATEMENTS AND SUPPORTING DOCUMENTATION ACCOMPANY THE TRANSCRIPT. FOR PARTS II-V, WHICH CONTAIN THE REMAINDER OF THE TESTIMONY PLUS DOCUMENTS SUBMITTED TO THE SUBCOMMITTEE IN CONNECTION WITH THE HEARINGS, SEE NCJ 55912-55915.