Which of the Following Is Not True About the Credit

Multiple Choice

Which of the following is not true about the Credit CARD Act of 2009?

A) States that teaser rates must stay in effect for at least 6 months
B) Makes new disclosure statements clear and more timely
C) Requires credit card issuers to post their standard card agreements on the Internet
D) Allows card issuers to apply new higher interest rates to the existing card balances
E) Requires issuers to mail monthly statements at least 21 days before payment is due