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New Regulations That Provide Clearer and More Favorable Financing Rules

Question 28

Multiple Choice

New regulations that provide clearer and more favorable financing rules for individual credit card users do all of the following, except


A) prohibit interest rate increases on purchases made in the past on the card
B) cap the amount of any increase to 5%.
C) require a 45-day notice of any credit card interest rate increase.
D) None of these.

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