Fair Credit Billing Act Passed by Congress in 1975 to help consumers resolve billing disputes with credit card companies and limits consumer liability for unauthorized credit card use or credit card fraud.  The law is designed to provide consumers with protection against unfair billing practices and sets guidelines for correcting mistakes on credit account billing statements including bank credit cards.  The act requires issuers to credit the credit card payments to a consumer’s account the day they are received.  The Act allows credit card holders to dispute any charges they believe to be false within a 60 day period.

Tags: , , , , ,

No user commented in " Fair Credit Billing Act "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)