What is the principle thrust of the Fair Credit Billing Act?

The Fair Credit Billing Act (FCBA) is primarily focused on protecting consumers in their billing relationships with credit card issuers. Its central aim is to provide a mechanism for consumers to dispute billing errors, and it sets out specific procedures that must be followed by both consumers and creditors in the event of such disputes. This act ensures that consumers have the right to receive a timely resolution to their complaints regarding inaccurate billing, unauthorized charges, or other errors. By stipulating the responsibilities of creditors to investigate disputes within a certain timeframe, the FCBA enhances consumer protection and promotes fairness in credit billing practices.

The other options, while related to aspects of consumer credit, do not capture the primary intent of the FCBA. For instance, enhancing credit availability, increasing fees, or lowering interest rates are not the goals of this specific legislation. Thus, the emphasis on prompt settlement of billing disputes accurately reflects the essential purpose of the Fair Credit Billing Act.