The requirements for a credit monitoring company in the Fair Credit Billing Act have been changing over time, and can be confusing to navigate. In this blog post we will go over what you need to know about the 2013 changes, as well as what all companies must do now to stay compliant with the law.
The first thing that needs to be known is what the law covers. The Fair Credit Billing Act (FCBA) applies to any credit card issued by a bank or other creditor, and it regulates how creditors can deal with billing errors. Any company that provides services related to this act would need to provide them in accordance with the rules set by the FCBA.
The requirements for a credit monitoring company in the Fair Credit Billing Act have been changing over time, and can be confusing to navigate. In this blog post we will go over what you need to know about the 2013 changes, as well as what all companies must do now to stay compliant with the law. The first thing that needs to be known is what the law covers. The Fair Credit Billing Act (FCBA) applies to any credit card issued by a bank or other creditor, and it regulates how creditors can deal with billing errors. Any company that provides services related to this act would need to provide them in accordance with the rules set by the FCBA.
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