The Consumer Financial Protection Bureau

Multiple Choice

The Consumer Financial Protection Bureau:

A) prohibits credit card issuers from raising interest rates on existing balances unless the borrower is more than 60 days late in making the required payments.
B) prohibits credit card companies from issuing cards to anyone under the age of 21.
C) requires credit card issuers to give a 45-day notice before making significant changes to credit agreements.
D) eliminates confusing and potentially deceptive banking practices related to mortgages, credit cards, and other loan agreements.