Grady receives a $$12,940$ credit card bill in the mail from a company with which he did not open an account. He fears he is a victim of identity theft. Does he have any recourse?

Yes, under the Fair and Accurate Credit Transactions Act $($FACTA$),$ Grady can place an alert in his credit files using the National Fraud Alert System.

Yes, under the Fair Credit Billing Act he may call the credit card company to complain about the bill, and the credit card company must investigate and correct any errors.

Yes, under the Truth in Lending Act, Grady is liable only for the first $$50$ in unauthorized charges.

No$,$ he should have been more careful with his personal information so no one could have applied for credit in his name.