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Fair Credit Billing Act (FCBA)

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


The Credit Cardholder's Rights to Assert Claims and Preserve Defenses Under the Fair Credit Billing Act
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 …

Fair Credit Billing Act and Two-Tier Pricing, TheFair 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 harmonizationFinancial 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 RestraintsPriceless-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 IProblems 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 CrammingThe 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 …



Q&A About Fair Credit Billing Act (FCBA)


How many days after receiving a statement must you notify your creditor about an error on your bill?

You must notify your creditor in writing within 6 days of receiving a statement. Your creditor must acknowledge receipt of your letter within 3 days.

When can you dispute an error on your bill with your creditor?

You can dispute an error on your bill with your creditor if it appears within 60 days after you receive a statement containing the error or if it doesn't appear until more than 60 days after you receive such statement, but only if you make payment in full within 30 days after receiving such notice and then send written notice to the creditor at least 10 business days before filing suit against them. If they don't respond satisfactorily, then you may file suit in small claims court or hire an attorney to represent you in court."

What is the Fair Credit Billing Act?

The Fair Credit Billing Act (FCBA) is a federal law designed to protect consumers from unfair credit billing practices.

What are some examples of billing errors that would be covered by the FCBA?

Examples of billing errors include charging the wrong account, calculation errors and charges for goods that haven't been received.

Who does the FCBA provide guidelines for?

The FCBA provides guidelines for both consumers and creditors including procedures to manage disputes regarding billing statements.

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