Which federal consumer credit law limits a cardholder's liability for unauthorized use of a card to $50?
A)Truth in Lending Act
B)Fair Credit Reporting Act
C)Fair Credit Billing Act
D)Equal Credit Opportunity Act
E)Fair Debt Collection Practices Act

Question

Quizplus · Accepted Answer

The Truth in Lending Act limits a cardholder's liability for unauthorized use of a credit card to $50. This protection is designed to encourage consumer confidence in using credit cards by minimizing potential financial loss due to fraud or theft.

Which Federal Consumer Credit Law Limits a Cardholder's Liability for Unauthorized