It's called the Schumer Box after New York Senator Charles Schumer, who championed the legislation that eliminated much of the fine print. Key components of the Schumer Box explainedInterest rates (APR) overviewThis section details the APR range for your credit card. FAQs about the Schumer BoxWhat is the purpose of the Schumer Box on credit card applications? The Schumer Box is a standardized disclosure format that credit card issuers are required to use in the United States to outline the costs, fees, terms, and conditions of a credit card agreement. Late payment fees, balance transfer fees, returned payment fees, penalty fees, and cash advance fees are typically listed in the Schumer Box.

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Persons: Schumer, It's, Charles Schumer, Grace, you'll, they're, it's, Jason Steele Jason Steele, Jason, Guy, he’s Organizations: New, Schumer, Conference, Credit Card Media, Forbes, USA, Newsweek, Street Journal, CNN, University of Delaware, Colorado ExperienceExpertiseEducations Locations: United States, Colorado