credit fraud and scam laws

posted by askmrcredit on (6 years, 9 months ago)

The law makes it a federal crime to use any unauthorized card, plate, code, or account number to obtain money, goods, or services.

In the case of duplicate billing or incorrect charges on your credit card statement, the Fair Credit Billing Act, an addition to the Truth-In-Lending Law, requires prompt correction of billing mistakes. The Federal Reserve writes these consumer regulations and, along with other agencies, has the responsibility to enforce them.

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