Multiple Choice
Which of the following is not true about the Credit CARD Act of 2009?
A) States that teaser rates must be in effect for at least 6 months
B) Makes new disclosure statements clear and more timely
C) Requires 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
Correct Answer:
Verified
Correct Answer:
Verified
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