What is the 'Fair Credit Billing Act - FCBA'

A federal law designed to protect consumers from unfair credit billing practices. The Fair Credit Billing Act (FCBA) provides guidelines for both consumers and creditors including procedures to manage disputes regarding billing statements. In addition, any interest accrued on the billing error has to be dropped if your claim is confirmed.

Explaining 'Fair Credit Billing Act - FCBA'

One of FCBA's provisions states that consumers with a dispute must notify the creditor in writing within 60 days of a billing statement and the creditor must acknowledge receipt of the letter within 30 days. Examples of billing errors include charging the wrong account, calcuation errors and charges for goods that haven't been received.

Further Reading

Fair Credit Billing Act and Two-Tier Pricing, The
heinonline.org [PDF]
… Rights of tripartite and two-party credit holders are regulated by the Federal Truth in Lending Act and regulations, as amended, 15 USC … III. THE FAIR CREDIT BILLING ACT … (g) Credit card issuers covered include all those offering an open-ended consumer credit plan, whether …

Financial privacy in the United States and the European Union: A path to transatlantic regulatory harmonization
heinonline.org [PDF]
… Rights of tripartite and two-party credit holders are regulated by the Federal Truth in Lending Act and regulations, as amended, 15 USC … III. THE FAIR CREDIT BILLING ACT … (g) Credit card issuers covered include all those offering an open-ended consumer credit plan, whether …

Priceless-The Economic Costs of Credit Card Merchant Restraints
heinonline.org [PDF]
… Rights of tripartite and two-party credit holders are regulated by the Federal Truth in Lending Act and regulations, as amended, 15 USC … III. THE FAIR CREDIT BILLING ACT … (g) Credit card issuers covered include all those offering an open-ended consumer credit plan, whether …

Problems of Federalism in the Regulation of Consumer Financial Services Offered by Commercial Banks: Part I
heinonline.org [PDF]
… Rights of tripartite and two-party credit holders are regulated by the Federal Truth in Lending Act and regulations, as amended, 15 USC … III. THE FAIR CREDIT BILLING ACT … (g) Credit card issuers covered include all those offering an open-ended consumer credit plan, whether …

The Hidden Scam: Why Consumers Should No Longer Be Forced to Shoulder the Burden of Liability for Mobile Cramming
heinonline.org [PDF]
… Rights of tripartite and two-party credit holders are regulated by the Federal Truth in Lending Act and regulations, as amended, 15 USC … III. THE FAIR CREDIT BILLING ACT … (g) Credit card issuers covered include all those offering an open-ended consumer credit plan, whether …