FEDERAL LAW

It appears as though the Fair Credit Billing Act is the part of the US Code that governs the consumers' responsibilities in the event of credit card fraud.


Here is a summary from the FTC website, including the steps to take for the law to apply to you:

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre16.shtm



Here is the actual code:

http://www.ftc.gov/os/statutes/fcb/fcb.pdf



Here is a good article from Bankrate.com:

http://www.bankrate.com/brm/news/cc/20031111a1.asp



Here is a link directly to the US Code that explains the liability of a card holder in the event of unauthorized use:

http://www4.law.cornell.edu/uscode/html/uscode15/usc_sec_15_00001643----000-.html


In the event of the theft of the card, the $50 would be per theft incident, even if they charged at 10 different merchants.  What if you get hit with Digital Age again two months after the first charge (assuming you didn't close your account), would that be one incident or two? 

CONTACT US--brian@digitalagefraud.com


Copyright 2005-8 BRIAN MORRIS TECHNOLOGY SERVICES