The Fair Credit Billing Act (FCBA) is a United States federal law enacted in 1975 as an amendment to the Truth in Lending Act (codified at 15 U.S.C. ยง 1601 et seq.). Its purpose is to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors in "open end" credit accounts, such as credit card or charge card accounts.
Read more about Fair Credit Billing Act: Examples of Billing Errors, Correction of Billing Errors, Other Regulations of The FCBA, Enforcement of The FCBA
Famous quotes containing the words fair, credit and/or act:
“Those that she makes fair she scarce makes honest, and those that she makes honest she makes very ill-favoredly.”
—William Shakespeare (1564–1616)
““What are the characteristics of today’s world so that one may recognize it by them?” It pays pensions and borrows money: credit and monuments.”
—Franz Grillparzer (1791–1872)
“Every act of the man inscribes itself in the memories of his fellows, and in his own manners and face. The air is full of sounds; the sky, of tokens; the ground is all memoranda and signatures; and every object covered over with hints, which speak to the intelligent.”
—Ralph Waldo Emerson (1803–1882)