Schumer Box

Charles Schumer a Congressman from New York is reponsible for the passage of legislation known as the Schumer Box.

The Schumer Box mandates that credit card terms are clearly specified when reporting to the consumer the actual cost of the credit card that is being offered to them.

This truth in advertising for credit card companies law was passed in 1988 but was not put into force in the United States until 2000.

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