Under 2009 amendments to the Truth in Lending Act, credit card companies cannot increase their interest rate unless they give customers 120 days' notice.

Name: Under 2009 amendments to the Truth in Lending Act, credit card companies cannot increase their interest rate unless they give customers 120 days' notice.
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Quizplus · Accepted Answer

The 2009 amendments to the Truth in Lending Act require credit card companies to give customers 45 days' notice before increasing interest rates, not 120 days.

Under 2009 Amendments to the Truth in Lending Act, Credit