Author Question: Which of the following statements is true of the Credit Card Accountability, Responsibility and ... (Read 63 times)

humphriesbr@me.com · **on:** Jul 14, 2018

Which of the following statements is true of the Credit Card Accountability, Responsibility and Disclosure Act of 2009?
A) It strictly restricts issuing credit cards to anyone under the age of 21.
B) It created the Consumer Financial Protection Bureau.
C) It places caps on certain types of fees that credit card issuers can charge.
D) It allows credit card issuers to raise the interest rates on existing balances soon after a purchase.

Question 2

In support of their position, proponents of the socioeconomic model argue that businesses should be allowed to ignore social issues.

Indicate whether the statement is true or false