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Released: December 08, 2011
Simpler credit card agreement gets a tryout
Source: Julie Pace, Associated Press
A simpler credit card agreement is getting a tryout.
The Consumer Financial Protection Bureau on Wednesday released a prototype of a credit card agreement that’s written in plain English. The idea is to sweep away the legalese and make it easier for consumers to understand a card’s costs and terms.
The agency is asking for the public’s feedback on the model agreement, which can be found at http://www.consumerfinance.gov/credit-cards/knowbeforeyouowe/.
Read Full Article: Simpler credit card agreement gets a tryout
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