What information should credit card companies disclose?

Under the Truth in Lending Act, credit card companies must clearly and fully disclose all information about any credit card offers and terms. This includes basic information such as the interest rate, annual percentage rate (APR), late fees, and annual fees.

What information should a credit card issuer include?

This includes basic information such as the interest rate, annual percentage rate (APR), late fees, and annual fees. Issuers must also clearly differentiate "intro" APRs or other promotional terms from the standard terms, and demonstrate how long it would take to pay off the card with only the minimum monthly payment.

Do credit card companies have to disclose minimum payments?

Card companies are required to disclose on statements that consumers who make only minimum payments will pay higher interest and take longer to pay off the balance. Fees for using mail, phone or electronic payment methods are eliminated, except when using an expedited service.