Multiple choice general knowledge

According to federal law, in cases of credit card fraud, what is the maximum amount the consumer can be liable for?

  1. $10

  2. $25

  3. $50

  4. $100
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under the Fair Credit Billing Act (FCBA), if your credit card is used fraudulently, you can only be held liable for up to $50 of unauthorized charges. Most issuers even waive this $50, making zero-liability policies standard practice today.

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