Definition of Fair Credit Billing Act (FCBA)

federal law designed to facilitate the handling of credit complaints and eliminate abusive credit billing practices. It applies to open-end credit accounts, such as credit cards and revolving charge accounts. For example, the law requires that complaints about credit bills be acknowledged within 30 days.

federal law designed to facilitate the handling of credit complaints and eliminate abusive credit billing practices. It applies to open-end credit accounts, such as credit cards and revolving charge accounts. For example, the law requires that complaints about credit bills be acknowledged within 30 days.