Box of text included on credit card applications or disclosure paperwork that outlines important information about the account such as the annual percentage rate (APR), overdraft fee, late payment fee, and rate calculation methods. The box is named after Senator Charles Schumer that assisted with passing the landmark consumer protection legislation.
Related information about Schumer's box:
- Schumer box - Wikipedia, the free encyclopedia
The Schumer box is a summary of the costs of a credit card. It is named after Charles Schumer, the New York congressman (now senator) who was responsible ...
- What is Schumer's box? definition and meaning
Definition of Schumer's box: Box of text included on credit card applications or disclosure paperwork that outlines important information about the account such ...
- Dr. Oleson -- Financial Tips: SCHUMER'S BOX
Aug 11, 2008 ... SCHUMER'S BOX. All credit card offers are required to include a chart outlining basic rates and fees, referred to as the Schumer Box. This [cost ...
- What is a Schumer's Box? - Credit.com News + Advice
Feb 28, 2006 ... All credit card offers are required to include a chart detailing their basic rates and fees. This chart is called a Schumer's Box after Senator Chuck ...
- WABA Visa Schumer's box 1012.xlsx - TECU Credit Union
Annual Percentage Rates. (APR) for purchase. 12.90%when you open your account, based on your credit worthiness. APR for Cash Advances. 12.90% when ...
- Black's Law editor plays Stump the Prof, opines on bloviation
Sep 20, 2012 ... Garner had no trouble defining the "sit and squirm" doctrine or "Schumer's box," but he had to go back to the source on "happy slapping.
- Bad Credit? Beware the "Fee Harvester" Credit Card
Nov 28, 2009 ... The "Schumer's Box" is the credit card equivalent of the Nutrition Facts label on food products. It will tell you just how bad the credit card is for ...
- Watch Out! The Next Credit Card Avalanche Has Already Begun ...
Feb 8, 2011 ... Start by scanning the "Schumer's Box" that should be on every credit card ... (It's called a Schumer's Box because New York Senator Charles ...