James McCoy held a credit card issued by Chase Bank USA, N.A. McCoy’s cardholder agreement with Chase stated that he would receive preferred rates (lower interest rates) if he met certain conditions, such as making at least the required minimum payment when due. When McCoy defaulted on a payment, Chase raised the rates on his card without informing him in advance. Did Chase violate the Truth-in-Lending Act by failing to notify McCoy of the increase until after it had taken effect? Explain. [Chase Bank USA, N.A. v. McCoy, 562 U.S. 195, 131 S.Ct. 871, 178 L.Ed.2d 716 (2011)]