Introducing
Prezi AI.
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Loading content…
Loading…
Fair Credit Billing Act
Transcript
- Provides guidelines for both consumers and creditors
- Guidlines present procedures to manage disputes regarding billing statements.
- Resolves mistakes on credit billing
- corrects several types of errors
- unauthorized charges
- failure to properly reflect payments.
American Express Co. v. Koerner
- Whenever a creditor sends an obligor a statement of the obligor's account and the obligor states that theres a billing error, the obligor may send the creditor a written notice.
- the creditor must make receipt of it
- investigate the matter
- Then either correct the account or send a written explanation
- Also known as the Truth in Lending ACt
Questions?
Thank you for your attention!
What is it?
- A federal law designed to protect consumers from unfair credit billing practices.
- Provides guidelines for both consumers and creditors
- Guidlines present procedures to manage disputes regarding billing statements.
http://www.npr.org/templates/story/story.php?storyId=104063764
What does that mean?
Fair Credit
Billing Act
- Basically, the act resolves mistakes on credit billing
Court Case
Guidelines
Errors
Choose a template
Presentations from around the world
Learn more about creating dynamic, engaging presentations with Prezi