Wednesday, May 23, 2007

U.S. Fed proposes clearer credit card disclosures

(Reuters) - One proposal, which could reduce fees for the industry,
would notify consumers 45 days ahead of changes to the terms of
the account, instead of the current 15 days.




Fed staffers said one of the issues they are grappling with
is whether to further help consumers understand how the annual
percentage rate is calculated or simply eliminate it from
the summary table.


Read more at Reuters.com Bonds News

No comments: