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Are there consumer protections for credit card holders?
Are there consumer protections for credit card holders?
Updated over 10 months ago

Consumer protections for credit card holders ensure fairness and transparency. Here's a summary:

  • Truth in Lending Act (TILA): Requires clear disclosure of credit terms and costs.

  • Fair Credit Billing Act (FCBA): Allows disputing billing errors or unauthorized charges.

  • Fair Credit Reporting Act (FCRA): Governs credit reporting agency practices.

  • Credit Card Accountability Responsibility and Disclosure (CARD) Act: Sets limits on fees, regulates interest rate changes, and mandates clearer terms and protections for young consumers.

  • Zero Liability Protection: Most issuers protect cardholders from unauthorized transactions.

  • Dispute Resolution Process: Ensures a formal process for resolving consumer complaints.

  • Data Security and Privacy: Mandates security measures to safeguard cardholder data.
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