Question

In accordance with the truth in lending act, banks must disclose certain credit card terms to all customers before they apply for the credit card. these terms are found___

A. in any bank lobby
b. in the schumer box
c. on the back of the credit card
d. on the bank walls

Answer 1

In the Schumer Box

Explanation:

Answer 2

Option B is the correct answer.

Explanation:

A Schumer box discloses relevant information about a credit card. This is helpful for people applying for credit cards and includes information about interest rates, fees and other terms and conditions. These help in prevention against inaccurate and unfair credit billing and credit card practices.