Responding to credit & debit card fraud

Abstract

While many companies choose not to hold victims responsible for unauthorized purchases, federal laws limit the amount that a cardholder is liable for. Credit card liability ends at $50 if the fraud is reported within 60 days of receiving the bill that includes the fraudulent charges. In the case of debit/ATM card fraud, consumer liability depends on when the consumer notifies the company. The sooner you report the fraud, the less likely you are to have to pay for the charges.