The Credit Card Act of 2009
A)is likely to reduce the cost of credit cards.
B)offers an opt out provision which is really a right to cancel the credit card.
C)provides universal opportunity for rate increases.
D)provides availability of cards to young people.

Question

Quizplus · Accepted Answer

The Credit Card Act of 2009 includes an opt-out provision that allows consumers to cancel their credit card if they do not agree with significant changes in terms, such as interest rate increases.