The Fair Credit Billing Act is a 1974 federal law enacted to protect consumers from unfair credit billing practices. It enables individuals to dispute unauthorized charges on their accounts and those for undelivered goods or services. Key Takeaways The Fair Credit Billing Act (FCBA) provides consum...
TheFair Credit Billing Act (FCBA)is an amendment to the Truth in Lending Act. The FCBA is meant to protect consumers from unfair or inaccurate billing practices by providing a system for consumers to contest inaccuratecredit cardbills. How Does the Fair Credit Billing Act (FCBA) Work? If a ...
FCBA & Chargebacks So, you know when it’s permissible to file a chargeback, according to the Fair Credit Billing Act. How do you do this, though? The Fair Credit Billing Act doesn’t directly govern chargeback procedures; it only provides a mandate for them. Most card networks and issuer...