Credit Cards in the United States: Know Your Rights

About your rights and liability in regards to your credit cards, protecton under the law from credit card fraud.


Credit-card holders are not liable for more than $50 charged on lost or stolen cards. In addition to this financial protection, Congress passed the Fair Credit Reporting Act in 1971 "to protect consumers against the circulation of inaccurate or obsolete information, and to insure that consumer reporting agencies exercise their responsibilities in a manner that is fair and equitable to consumers."

A leaflet published by the Federal Trade Commission states: "Under this law you can take steps to protect yourself if you have been denied credit, insurance, or employment, or if you believe you have difficulties because of a consumer report on you."

For detailed information, write the Federal Trade Commission in Washington, D.C., or contact the regional office nearest you.

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