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Author Question: Richard received his credit card bill and noticed an error. He wrote to the company the next week, ... (Read 193 times)

lbcchick

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on: Jun 24, 2018
Richard received his credit card bill and noticed an error. He wrote to the company the next week, pointing out the error in his bill. Under the law, what is the credit card's obligation once it receives Richard's letter?

Question 2

The Commission of the European Communities has the power to draft both regulations and directives and has popular support by European citizens.
  Indicate whether the statement is true or false


Animal_Goddess

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Under the Fair Credit Billing Act, the company must acknowledge receipt of the letter within 30 days. Within two billing cycles (but not longer than 90 days) it must investigate the complaint and respond.

Answer to Question 2

FALSE


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