Credit card bills only need to inform consumers of the method used to compute the finance charges.

Question

Quizplus · Accepted Answer

Credit card bills must provide more information than just the method used to compute finance charges. They are also required to include the balance to which the finance charge was applied, the annual percentage rate, the amount of the finance charge, and other relevant information as mandated by the Truth in Lending Act (TILA) and its implementing regulations.

Credit Card Bills Only Need to Inform Consumers of the Method