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What is the purpose of the fair credit billing act and the electronic fund transfer act.

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Anthougoidn

The fair credit billing act and the electronic fund transfer act provide consumers with legal protection from unfair billing practices.

What are unfair billing practices?

Unfair billing practices refer to:

  • Unauthorized credit card charges
  • Charges due to errors
  • Undelivered goods or services.

The accounts affected y the fair credit billing act and the electronic fund transfer act are credit accounts, including:

  • Credit cards accounts
  • Charge accounts.

Thus, the fair credit billing act and the electronic fund transfer act provide consumers with legal protection from unfair billing practices.

Learn more about unfair billing practices at https://brainly.com/question/1862829

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