Under the Fair Credit Billing Act, consumers are limited to $50 in losses for fraudulent credit card transactions that are reported within 60 days. (3) However, most credit cards offer full protection, meaning if your card is stolen or used by a criminal, you probably won't lose a dime.Financial fraud is a problem in general, although, as a consumer, you may be at risk of greater losses if your debit card or checking account is targeted.The Independent Community Bankers of America has been working with the ...