What is the purpose of the fair credit billing act and the electronic fund transfer act.

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04-05-2022
Law

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What is the purpose of the fair credit billing act and the electronic fund transfer act.

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anthougo anthougo · Answer 1 · 2022-05-08T21:26:26+02:00

The fair credit billing act and the electronic fund transfer act provide consumers with legal protection from unfair billing practices.

What are unfair billing practices?

Unfair billing practices refer to:

Unauthorized credit card charges
Charges due to errors
Undelivered goods or services.

The accounts affected y the fair credit billing act and the electronic fund transfer act are credit accounts, including:

Credit cards accounts
Charge accounts.

Thus, the fair credit billing act and the electronic fund transfer act provide consumers with legal protection from unfair billing practices.

Learn more about unfair billing practices at https://brainly.com/question/1862829