To combat losses from credit card theft, Congress passed a law in 1971 limiting a person's liability to ___ per stolen card.

Name: To combat losses from credit card theft, Congress passed a law in 1971 limiting a person's liability to ___ per stolen card.
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The law passed by Congress in 1971 limits a person's liability to $50 per stolen credit card. This was established to protect consumers from significant financial loss due to credit card theft.

To Combat Losses from Credit Card Theft, Congress Passed a Law