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Protection improves as credit card fraud fights advance
The article recalls a theft ring using fake wholesale jewelry to drain a bank account and notes federal protections limit unauthorized charges to 50 dollars per card after loss or theft. It discusses consumer duties, truth in lending timelines, and advances like magnetic strips, point of sale terminals, and potential biometrics to curb fraud.
MENTIONED IN THIS ARTICLE
Gary Walker
New York City
Department of Consumer Affairs
Walker