Consumer Bureau Seeks Simpler Credit Card Agreements

Glad to see this. These credit card agreements might as well be
written in Greek. Even for attorneys, they are often almost
incomprehensible.
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The Obama administration on Wednesday is launching a new initiative to
make credit-card terms easier for consumers to understand, a move
White House officials trumpeted on the eve of an important Senate vote
on the president’s pick to lead the agency.

The Consumer Financial Protection Bureau, a new federal agency created
by the 2010 Dodd-Frank law, plans to announce a project to simplify
credit-card agreements, the contracts the nation’s banks send to
consumers to explain interest-rate policies and other terms.

Consumer Bureau Seeks Simpler Credit-Card Terms