Which law can be utilized to correct inaccuracies on a credit card statement?

The Fair Credit Billing Act (FCBA) is specifically designed to protect consumers in their credit card transactions by addressing issues related to billing inaccuracies, unauthorized charges, and disputes over charges. Under this law, consumers have the right to dispute errors on their credit card statements, such as incorrect charges or charges for goods and services not received.

When a consumer identifies an error, they can notify their credit card issuer, which is then required to investigate the dispute and must not pursue the disputed amount while the investigation is ongoing. This law empowers consumers to ensure accurate billing and provides a clear procedure for resolving disputes, making it the appropriate choice for correcting inaccuracies on credit card statements.

In contrast, the other laws listed have different focuses: the Truth in Lending Act (TILA) primarily governs disclosures related to credit terms, the Consumer Leasing Act deals with the rental and leasing of consumer goods, and the Fair Debt Collection Protection Act addresses the practices of third-party debt collectors. Each of these laws plays an important role in consumer protection, but the Fair Credit Billing Act is the one specifically focused on correcting inaccuracies in billing statements.