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Fair Credit Billing Act: A Case Study

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f the credit card company sues Lori, Lori may win. The Consumer Financial Protection Bureau reports, if you have not reported your credit card missing, the most you will have to pay is $50.00. Had Lori reported the card missing, she would not have had to pay anything at all.

The Federal Trade Commission (FTC), a federal agency designed to protect consumers and promote competition, created September 26, 1914, gives information on disputing credit card charges. The Fair Credit Billing Act (FCBA) enacted October 28, 1974, applies to revolving credit cards, that requires monthly payments or “open credit”, is an amendment to the Truth in Lending Act of 1968, sometimes referred to as Regulation Z, monitored by the Federal Reserve Board. §
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The regulation states, an employee must be restored to a position that is geographically proximate to their previous position. Furthermore, it is an interference of an employee’s right, to which he or she is entitled under FMLA, by failing to restore him or her to an equivalent position upon return to work. 29 C.F.R. § 825.215. In the case of McFadden v. Seagoville State Bank, the employee’s previous job before taking FMLA leave required a seven mile commute one way, which takes ten minutes to drive.

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One of the well-known federal fraud and abuse statutes in the United States is the federal Anti-Kickback Statute, which greatly influences business relationships in the pharmaceutical, healthcare and medical device sectors. This statute is an Anti-Corruption law, which is designed to protect beneficiaries of the federal health care program from money influence on various referral decisions. Thus, this law helps in guarding against an increase in costs, overutilization and poor quality services. However, this law needs some modifications to become more efficient to all the U.S citizens. The lawmakers in the country should take the initiative of amending this bill so as to ensure that they adequately represent the interests of those people who

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