ix21@sdccs6.UUCP (David Whiteman) (04/29/84)
It was announced Thursday [4/26/84] that the FTC and the Board of Governors of the Federal Reserve Bank are holding hearings to determine whether the ATT calling card treated as a credit card for the purposes of determining liability in the event of a lost or stolen card. Currently there is no regulation limiting the liability of a consumer for unauthorized use of a Calling Card. If such a regulation is passed the consumer would only be liable for the first $50. An ATT spokesman said there was no reason for such a regulation because ATT has never billed a customer for a charge from a lost or stolen card. A government spokesman then said if that is true then ATT should have no reason to object to the regulation.