BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In 1974, Congress passed the Fair Credit Billing Act (FCBA), designed to protect consumers from unfair billing practices and limit their liability. The FCBA gives you the legal right to address everything from a fraudulent charge or a billing error to a creditor changing your billing period.

Detailed explanation-2: -The Act requires creditors to give consumers 60 days to challenge certain disputed charges over $50 such as wrong amounts, inaccurate statements, undelivered or unacceptable goods, and transactions by unauthorized users. Also, the Act limits liability of consumers for transactions by unauthorized users to $50.

Detailed explanation-3: -Examples of billing errors Charges in the wrong amount. Charges for goods or services not received by the consumer. Charges for goods not delivered as agreed. Charges for goods that were damaged on delivery.

Detailed explanation-4: -The Fair Credit Billing Act is designed to protect consumers from unfair billing practices.