What is the Fair Credit Billing Act?

The Fair Credit Billing Act (FCBA) is a federal law that applies to banking activities in Kansas and all other states. The FCBA was created to protect consumers from unfair and fraudulent billing practices and to protect their rights when disputing charges on their credit cards. Under the FCBA, consumers have the right to dispute errors on their credit card accounts. Any consumer can submit a written notice of a billing mistake to their credit card company and must receive a response within two billing cycles. The credit card company must investigate the dispute within two months. Consumers in Kansas and all other states are also protected from other fraudulent activities under the FCBA. For example, consumers cannot be charged more than the price of an item if the item is not delivered as agreed. Consumers also cannot be charged for services or goods not authorized by the consumer. Additionally, consumers are allowed to dispute any unauthorized charges made to their credit cards within 60 days of the statement being issued. In summary, the Fair Credit Billing Act is an important law that protects consumers from fraudulent and unfair billing practices. It gives consumers the right to dispute charges on their credit card accounts and protects them from overcharging and unauthorized charges.

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What is the Fair Credit Billing Act?

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