The Fair Credit Billing Act of 1974 is a federal law that protects consumers from unfair billing practices by credit card companies. The law requires credit card companies to provide accurate billing statements, to investigate billing errors, and to provide consumers with a way to dispute charges. It also requires credit card companies
The Fair Credit Billing Act (FCBA) is a United States federal law passed during the 93rd United States Congress and enacted on October 28, 1974, as an amendment to the Truth in Lending Act and as the third title of the same bill signed into law by President Gerald Ford that also enacted the Equal Credit Opportunity Act. 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.