mark warner

Sens. Warner, Kirk propose enhanced consumer protections for debit cards

Chris Graham

U.S. Sens. Mark Warner (D-Va.) and Mark Kirk (R-Ill.) introduced the Consumer Debit Card Protection Act of 2014 (CDCPA), designed to increase consumer protections and reduce liability caps when debit cardholders are hit by fraud. Under federal law, personal liability for fraudulent charges on a credit card are capped at $50, but the same protection does…