Fair Credit Billing Act


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Fair Credit Billing Act

Also called the FCBA. Legislation in the United States, passed in 1974, that allowed credit card customers to dispute (in writing sent by mail) a charge made on their cards. For example, if an unauthorized person makes a charge on a card or if the credit card company bills an incorrect amount, the FCBA allows the customer to ask the charge to be removed or changed. The card holder is usually not liable for erroneous or fraudulent charges. The FCBA was an amendment to the Truth in Lending Act.
References in periodicals archive ?
Credit cards are protected by the Fair Credit Billing Act and reduce your liability.
Her practice includes complex creditor rights enforcement as well as defending lenders and other financial service industry clients in individual and class action claims for violations of federal consumer financial protection legislation such as the Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Fair Credit Billing Act (FCBA), Telephone Consumer Protection Act (TCPA), Truth In Lending Act (TILA), FTC Act, and Florida state consumer protection laws.
Customers who paid Direct Air by credit card may be entitled to a credit from their credit card company under the Fair Credit Billing Act.
Legislation such as Dodd-Frank, the CARD Act, and the Fair Credit Billing Act have been helpful to consumers with credit cards, but the rules undergirding fraud protection remain inadequate for bank cards: The protections for debit cards under the Electronic Fund Transfer Act are much weaker than those for credit cards.
Your liability for charges on a lost or stolen credit card is governed by the Fair Credit Billing Act.
The Federal Fair Credit Billing Act gives you the right to dispute credit card charges for goods or services that were not ordered, never received, or misrepresented.
Under the Federal Fair Credit Billing Act, you can dispute and withhold payment on the credit-card charge in the event of problems (protection which you don't get if you pay by cash or check).
Pay cash whenever possible or use credit cards instead of debit cards: Under the Fair Credit Billing Act, Credit Cards provide consumers protection against fraudulent charges and your liability is limited to $50.
The chargeback process originated as a form consumer protection, as outlined by the Fair Credit Billing Act and other federal regulations (3).
Refunds may also be obtained from the consumer's credit card company under the Fair Credit Billing Act.
Technically, according to the Fair Credit Billing Act (www.
If you pay with cash or a check, rather than a credit card, you lose your right to dispute fraudulent charges under the Fair Credit Billing Act.