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

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