Protect Yourself From Credit Card Loss and Theft
Consumer Protection Division urges caution after loss or theft of cards. Federal law caps personal liability at 50 dollars for unauthorized charges, but real losses can run high if multiple cards are lost. Tips include signing new cards, not loaning cards, keeping a master list, and notifying issuers promptly. If theft is suspected, contact local prosecutors as theft can be a felony with years in prison and fines.
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