The Credit Card Fraud Act prohibits which of the following practices?
A) Possessing unauthorized cards.
B) Using cards obtained from a third party with his consent when the third party conspires to report the cards as stolen.
C) Counterfeiting or altering credit cards.
D) Using accounts numbers alone.
E) All of these are prohibited.

Question

Quizplus · Accepted Answer

The Credit Card Fraud Act prohibits all of these practices, including possessing unauthorized cards, using cards obtained under false pretenses, counterfeiting or altering credit cards, and using account numbers alone, as they all constitute forms of credit card fraud.

The Credit Card Fraud Act Prohibits Which of the Following