The Dodd-Frank Act Requires That Credit Card Interest Rates Be

question 419

True/False

The Dodd-Frank Act requires that credit card interest rates be no more than four percentage points greater than the Federal Reserve Board prime rate.

---

Definitions:

Unintentional Use

Refers to the accidental or inadvertent usage of a product or substance, often leading to unexpected results or harm.

Addictive Behaviors

Actions that a person compulsively engages in, despite negative consequences, often related to substance abuse or other dependencies.

Negative Consequences

Undesirable results or effects stemming from specific actions, decisions, or events.

MDMA

3,4-Methylenedioxymethamphetamine, a psychoactive drug primarily used for recreational purposes, known for its ability to increase feelings of empathy and pleasure.