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Credit Card Act provisions take effect today (access required)

by Rebecca Tonn

Published: August 20,2009

Time posted: 11:40 am

Tags: Credit Card Act, Ent Federal Credit Union

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Two provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 take effect today. Creditors must now provide written notice 45 days prior to the effective date of: (1) any increase in an annual percentage rate; and (2) any significant change, as determined by rule of the Federal Reserve Board, in the terms of the cardholder ...





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