According to Congress,the Fair Credit and Charge Card Disclosure Act:

Question

Quizplus · Accepted Answer

Congress enacted the Fair Credit and Charge Card Disclosure Act,requiring more detailed and uniform disclosure by credit and charge card issuers,at the time of application or solicitation,of information relating to interest rates and other costs which may be incurred by consumers using the credit or charge card.Congress decided that early disclosure would enable consumers to shop around for the best cards.