What is a zero liability policy for credit card fraud?

A zero liability policy for credit card fraud is a policy adopted by credit card companies that shields customers from being held financially liable for fraudulent charges made with their credit cards. This policy is in place in all 50 states, including Delaware. It is intended to protect customers from being held liable for unauthorized charges on their accounts, such as those made by an identity thief or someone who stole their card number. Under a zero liability policy, credit card companies will usually not hold customers responsible for any fraudulent charges made with their cards, so long as the customer reports the fraud as soon as possible and takes all necessary steps to protect their account. Credit card companies will also usually provide customers with the means to dispute any unauthorized charges by providing dispute forms and other resources. In addition, federal law and Delaware state law also provide protections for customers from being held liable for fraudulent credit card charges. The federal Fair Credit Billing Act provides customers with the right to dispute any charges that they believe were unauthorized or otherwise incorrect. In Delaware, the Credit Card Fraud and Identity Theft Prevention Act provides stronger protections to consumers by making it a criminal offense for any person to take or use someone else’s credit card without their permission. Overall, a zero liability policy is in place to help protect customers from being held financially liable for fraudulent charges made with their cards. This policy, along with other federal and Delaware state laws, can help customers take action when they become the victim of credit card fraud.

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What is a zero liability policy for credit card fraud?

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