Federal Laws - Electronic Banking & Credit

Protecting Consumers - Federal Laws Governing Credit

Fair Credit Reporting Act


The Fair Credit Reporting Act establishes procedures for correcting mistakes on your credit record and requires that your record only be provided for legitimate business needs. To Know more about this law and read about your rights , please go to Your Access to Free Credit Reports

 

Fair Credit Billing Act


The Fair Credit Billing Act establishes procedures for resolving billing errors on your credit card accounts. It also limits a consumer's liability for fraudulent credit card charges. To get Information on Your Rights and Facts for Consumers, Please Read Fair Credit Billing

 

Fair Debt Collection Practices Act


The Fair Debt Collection Practices Act prohibits debt collectors from using unfair or deceptive practices to collect overdue bills that your creditor has forwarded for collection. Read about Your Rights as a Consumer in Fair Debt Collection Practices

Electronic Fund Transfer Act


The Electronic Fund Transfer Act provides consumer protection for all transactions using a debit card or electronic means to debit or credit an account. It also limits a consumer's liability for unauthorized electronic fund transfers. Facts for Consumers: Electronic Banking

 

 

 

 

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