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Originally Posted by JJ 911SC
Not really a Fair Credit Billing Act, North of the border you are liable for $0.00
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I think it is completely fair as it is what is required by law and consumers need something to be concerned with when it comes to reporting credit card problems. Your system allows the consumer to do nothing about the fraud or reporting it and have no responsibility for it? No thanks.
As said below, most CC's will take care of all of it if you just report it which is reasonable to me. -
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Most credit card companies today offer zero-liability fraud protection if you report the charges within 30 days. By law, your liability is limited to $50 for card-present fraud. Meaning, the most you could be liable for is $50, thanks to the Fair Credit Billing Act.
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