What are two laws protections you have as a credit card user?

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What are two laws protections you have as a credit card user?

U.S. credit card users also enjoy consumer protections under the Fair Credit Reporting Act, the Fair Debt Collection Practices Act and the Equal Credit Opportunity Act.

What are your rights when using credit?

The right to an accurate, timely credit report. The FCRA acknowledges the need for accurate consumer credit information for the banking system to work smoothly. And so, the law gives consumers the right to have inaccurate, incomplete, and outdated information removed from their credit reports.

What is the credit card Protection Act?

The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 seeks to curtail deceptive and abusive practices by credit card issuers. This legislation has saved consumers money and made it easier to compare credit cards.

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How do you report unfair credit practices?

To file a credit reporting complaint, consumers can:

  1. File online at www.consumerfinance.gov/Complaint.
  2. Call the toll-free phone number at 1-855-411-CFPB (2372) or TTY/TDD phone number at 1-855-729-CFPB (2372)
  3. Fax the CFPB at 1-855-237-2392.

Which is not a credit right?

You cannot be denied credit based on your race, sex, marital status, religion, age, national origin, or receipt of public assistance. You have the right to have reliable public assistance considered in the same manner as other income.

What are the laws protecting consumers?

In the United States a variety of laws at both the federal and state levels regulate consumer affairs. Among them are the Federal Food, Drug, and Cosmetic Act, Fair Debt Collection Practices Act, the Fair Credit Reporting Act, Truth in Lending Act, Fair Credit Billing Act, and the Gramm–Leach–Bliley Act.

How do I take legal action against my credit card company?

Complain to Consumer Financial Protection Bureau. The CFPB began accepting complaints against credit card companies in 2012. You can file a complaint on-line, by phone or by mail. You should also file the same complaint with your state Attorney General.

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