Which of the following actions is typically involved in a covered transaction?

A direct deposit into an account is considered a covered transaction because it typically involves the electronic transfer of funds that is initiated by a third party (such as an employer or government agency) into a consumer's account. This action falls under the definitions of transactions that the Consumer Financial Protection Bureau (CFPB) aims to regulate, as it pertains to the management of consumer financial products and services. Covered transactions usually include automated processes that have implications for consumer banking and finance, and direct deposits are a significant aspect of how many consumers receive their income or benefits.

In contrast, the other options involve different forms of monetary transactions that are not typically classified as covered transactions under CFPB regulations. For instance, a one-time telephone transfer with assistance may not involve the same regulatory scrutiny or consumer protections as direct deposits. Similarly, a wire transfer from a consumer's account, while an electronic transfer, can vary in terms of regulation based on how it is executed and the involved parties. An automatic monthly transfer might also not qualify as a covered transaction due to its frequency and different regulatory treatment compared to more standard direct deposit methods.