Ask Question
BusinessBusiness
5 November, 06:41

Hil has a credit card from quality credit, inc. quality wants to change to the terms. the firm must give phil at least thirty days' notice. must give phil at least forty-five days' notice. need not give phil any notice. is not allowed to change the terms.

+2
Answers (1)
  1. 5 November, 07:23
    0
    must give phil at least forty-five days' notice.

    Explanation:

    The 2009 Credit Card Accountability Responsibility and Disclosure Act (CARD Act) which expanded the Truth in Lending Act (TILA), requires that credit card companies give its costumers at least a 45 day notice before charging a higher interest rate. They are also required to give their customers a 21 day grace period between receiving the monthly statement and setting a due date for the payment.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Hil has a credit card from quality credit, inc. quality wants to change to the terms. the firm must give phil at least thirty days' notice. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
27. You want to have $1 million in your savings account when you retire. You plan on investing a single lump sum today to fund this goal. You are planning on investing in an account which will pay 7.5 percent annual interest.
Answers (1)
What's the main advantage of establishing per-item prices on an order and pricing form? a. Clients are informed in advance that high-cost items should be excluded. b. You can estimate your total cost and reduce overhead. c.
Answers (1)
What components of GDP (if any) would each of the following transactions affect? Explain. a. Uncle Henry buys a new refrigerator from a domestic manufacturer. b. Aunt Jane buys a new house from a local builder. c.
Answers (1)
Your friend Ed has a money market mutual fund account, automatic deposit of his paycheck into an interest-bearing checking account at the company credit union, and a CD form the local branch of a bank that advertises "coast to coast" banking.
Answers (1)
The following information pertains to Xavier Corp. and its divisions for the year ended 12/31/20: Sales to unaffiliated customers $4,000,000 Intersegment sales of products similar to those sold to unaffiliated customers 900,000 Interest earned on
Answers (1)
New Questions in Business
When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?
Answers (1)
Included in Waterway Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension Liability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and
Answers (1)
The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage rates rise as the economy reaches full employment. c.
Answers (1)
A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5.
Answers (1)
Suppose that a rap grouprap group called RG 2RG2 has released its first CD with LiveLive Records at an intended list price of $14.99. Music stores have discovered that they can markup the price to $17.99 with continued strong sales.
Answers (1)
Home » Business » Hil has a credit card from quality credit, inc. quality wants to change to the terms. the firm must give phil at least thirty days' notice. must give phil at least forty-five days' notice. need not give phil any notice.
Sign Up Forgot Password?