Long overdue
January 8, 2009 | alternatives, industry, personal finance | Comments (0)Simpler credit card statements are in the works according to MSNBC:
New government regulations require credit card issuers to make their monthly billing statements easier to read and understand.
“If you can’t understand your statements, you’re in big trouble,” says Todd Mark at Consumer Credit counseling Service in Dallas.
The new statements will include clearer and more detailed information on changes in credit card terms, service fees and the total amount of interest paid.
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