Fair Credit Billing Act

The online identity theft in chat rooms can hold criminal liability for impersonating another person under either forgery, fraud, or identity theft. Online identify theft has been addressed by legislation and criminal and civil prosecution. However, the use of technology necessitates the amendment of certain legislation. The Fair Credit Billing Act has the purpose of dealing with billing procedures that are followed after a purchase has occurred. The Fair Credit Billing Act (FCBA) involves the necessary knowledge of the dispute settlement procedures provided.

The following questions have been addressed in this article:

Does the FCBA apply to installment payments?
How does the settlement procedure function?
If there is a billing dispute, should the consumer still make the payment for the disputed material?
If there is a disputed amount, can credit ratings be involved?
What damages will be available to consumers if they succeed under the FCBA claim?

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