What is the Fair Credit Billing Act?

The Fair Credit Billing Act, or FCBA, is a federal law that provides certain rights and protections for consumers who use credit cards. In North Carolina, this law applies to all consumers who use credit cards in the state. The FCBA helps protect consumers who use credit cards from unfair billing practices by requiring credit card issuers to follow certain rules. For example, it requires that all credit card issuers have procedures in place to ensure accuracy when processing consumers’ payments. The FCBA also limits the amount of liability that a consumer can have for unauthorized charges that are made on their account if the consumer notifies the credit card issuer of the unauthorized charges within 60 days. Additionally, the FCBA requires credit card issuers to provide their customers with the right to dispute charges if they believe that they have been billed incorrectly. If a consumer disputes a charge, the credit card issuer must investigate the claim and either correct the bill or explain why it believes the bill is correct. The FCBA helps protect consumers in North Carolina who use credit cards from being unfairly billed and provides them with the right to dispute any charges they find to be incorrect.

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What is the Fair Credit Billing Act?

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