Remove CCPA Remove Electronic Fund Transfer Act (EFTA) Remove Federal Reserve
article thumbnail

Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

The development of the chargeback system was initially a response to policies set by the US federal government. This act played a part in increasing the acceptance of credit cards. The Fair Credit Billing Act (FCBA) Passed in 1974, the FCBA addressed concerns about credit card theft and fraud.