Fair Credit Billing Act


FCBA. A federal law, passed as an amendment to Regulation Z, also known as the Truth in Lending Act. The FCBA is intended to protect consumers from credit card account billing errors or other unfair practices. The FCBA sets out specific guidelines that must be followed by both consumers and creditors, so a consumer must follow a specific procedure in order to be covered by this law (such as making a written dispute within sixty days of the error), and then the creditor becomes obligated to follow the guidelines set out for creditors.

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You need to make sure you understand the fair credit billing act and always do the things that it allows.

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The fair credit billing act was eventually referenced in the conversation between the individual and the credit card monitoring team.

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In order to take charge of your money and credit, it is important to understand how the Fair Credit Billing Act affects consumers and what protections it offers.

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fair copy Fair Credit Reporting Act