The Credit Card Accountability Responsibility and Disclosure Act of 2009

The Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act) ________.

A) requires that payments above the minimum payment be applied to pay lower-interest balances first
B) requires credit card companies to place a notice on each billing statement that notifies the cardholder how long it would take to pay off the existing balance plus interest if the cardholder were to make minimum payments on the card
C) sets limits on how high an interest rate can be charged on a credit card
D) applies to both consumer and business credit cards