Reg ZZ
As another reninder Regulation ZZ on open ended credit says that the maximum that a seller can be liable for is $50 as long as they report the fraud to the credit card company ina timely manner. Almost every bank and credit card company has chosen to waive the $50, but as long as you report it as soon as you find out ... then $50 is the most you can every be out.
Cheers,
Patrick
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