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Court rules cardholder not entitled to advance notice (access required)

By: Correy Stephenson
Published: January 24, 2011

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At the time of the transactions at issue, the Truth in Lending Act and Regulation Z did not require a credit card issuer to provide change-in-terms notice before increasing the interest rate, the U.S Supreme Court has ruled in an unanimous decision. The plaintiff sued Chase when his credit card interest rates were retroactively increased ...
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