The Schumer Box

April 18, 2014 2:33 PM
The Schumer Box
" BOSTON (CBS) – So you don’t know what a Schumer box is.

It’s part of the fine print of the credit card agreement. Named after Charles Schumer, it is where the credit card terms are presented in a required standardized format. Recently my niece was applying for a credit card and she asked that I review it with her.

There we found the Schumer box that essentially lays out all of the fees of the credit card so the consumer can easily understand the terms "

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