Fair Credit Billing Act

The Fair Credit Billing Act (FCBA) is a law that protects consumers from unfair credit billing practices. It gives your rights to dispute unauthorized charges or billing errors on your credit card statements. If you find a mistake, you must notify your creditor within 60 days of billing, and then they are required to investigate and resolve the issue, often within two billing cycles. The FCBA also limits your liability for unauthorized charges to $50. Overall, it ensures transparency and fairness in credit billing, helping consumers manage their accounts confidently.