Fair Credit Billing Act
When was the Fair Credit Billing Act passaed?
It was passed in 1975 as an amendment to the Truth in Lending Act.
What is the purpose of the Fair Credit Billing Act?
To protect people from being billed unfairly.
Why was the Fair Credit Billing Act passed?
It was passed because people were mistakenly being billed wrongfully .
Who is affected?
Anyone can be affected by unfair billing because pretty much everyone has bills.
Why was this happening?
It was happening because whoever was billing a person may have made a mistake with his or her math and did not realize it.