Fair Credit Billing Act

When did the bill pass?

The bill passed in 1975 as an amendment to the truth in Lending Act.

What was happening before the act passed?

Consumers were being billed unfairly and there wasn't a mechanism for addressing billing errors in "open end" credit cards.

Why did those injustices occur?

Because without the FCBA consumers were unable to dispute billing errors.

Was there a specific incident that triggered passage of the act?

There was not an individual incident. The FCBA was enacted due to multiple billing and charge errors.

What types of people are affected by this act-who does it help?

It effects credit card users because it gives them consumer protection.