Does a credit card company need to notify me of change in lending terms, like interest rates?
It would seem to me that they would need to notify me in a LETTER, not in the fine print at the bottom or back side of my statement. Any thoughts?
Thanks for any help.
Is it a violation of one of the consumer protection acts if they don’t notify me. One credit card company did notify me in a letter; but the same bank with another account, did NOT notify me and I wonder if they’re in the wrong here.
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December 20th, 2009 at 3:03 pm
Probably the original said that the terms were subject to change. What they should do is not the same as what they must do.