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?
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.
You might also like to view...
Effective training objectives include performance standards that are measurable.
Answer the following statement true (T) or false (F)
Generally, the owners of a corporation are personally liable for its debts.
Answer the following statement true (T) or false (F)
What are some unacceptable questions to ask applicants?
What will be an ideal response?
Which of the following microblog user types defined by Pew Research Center is characterized by people who are passionately discussing an issue?
a. Polarized Crowds. b. Tight Crowds. c. Community Clusters. d. Broadcast Networks. e. Support Networks.