Which of the following is not true about the Credit CARD Act of $2009?$

Requires credit card issuers to post their standard card agreements on the internet

States that teaser rates must stay in effect for at least $6$ months

Requires issuers to mail monthly statements at least $21$ days before payment is due

Makes new disclosure statements clear and more timely

Allows card issuers to apply new higher interest rates to the existing card balances