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Also known as the FCBA, this federal law provides a creditor with rights of correction to credit card statement errors. You must notify the credit card company of the error within 60 days of the mailing of the bill and then the company must correct the mistake or acknowledge your correspondence within 30 days. After this period they must correct the error within 90 days or … [Read more...] about FAIR CREDIT BILLING ACT

An exception to copyright law which provides for limited usage without being liable for copyright infringement. … [Read more...] about FAIR USE

Also known as the FCRA, this federal law sets forth standards for which the credit bureaus must adopt reasonable procedures for the gathering, maintaining and distribution of the credit information it collects and also bars credit bureaus from publishing negative credit information that is older than seven years (bankruptcy may be reported for 10 years.) The FCRA requires … [Read more...] about FAIR CREDIT REPORTING ACT

The statutory exemption allowing one who does not own a copyright to use copyrighted materials for limited purposes including criticism, news reporting, teaching, research and scholarship. Four factors used to determine whether a use by a non-holder is fair includes: 1. the purpose and character of the use, including whether such use is of a commercial nature or is for … [Read more...] about FAIR USE EXCEPTION

Laws that govern credit reporting agencies and also concern remedies for consumer fraud. … [Read more...] about FAIR CREDIT REPORTING ACT (FCRA)