Many banks have policies that do not impose any financial responsibility on the customer when an incident of credit card theft or fraud occurs. The Fair Credit Billing Act contains a provision capping cardholder liability for credit card fraud at $50 for substantiated fraud claims. This is typically the cap of a cardholder’s responsibility when theft of a credit card or fraudulent use of a credit card occurs.
Home How Much Am I Legally Responsible For If My Credit Card Is Stolen?
