`Credit Cardholders' Bill of Rights Act of 2008' from http://maloney.house.gov/documents/financial/h.r.5244billtext.pdf To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes. percentage rate of interest, or due solely to a change in another rate of interest to which such rate is indexed, may take effect before the end of the 45-day period beginning on the date notice of such increase is sent to the cardholder. `(2) R.I.G.H.T T.O CANCEL WITHOUT INCREASE I.N A.P.R O.N OUTSTANDING BALANCE- Any consumer who receives a notice from a creditor pursuant to paragraph (1) with respect to a credit card account under an open end consumer credit plan shall have the right-`(A) to cancel the credit card, by mail, telephone, or electronic communication and without penalty or the imposition of any fee with respect to such cancellation, at any time during the period
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