AFFIL Says to Federal Reserve Board: Disclosure on Credit Cards is Not Enough

Press Release (PDF)

Kirsten Keefe, Executive Director of Americans for Fairness in Lending (AFFIL), released the following statement in response to the Federal Reserve Board’s proposed rules which require clearer disclosure by credit card companies of their interest rates and fees: “Telling bank robbers that they must write clearer notes in a larger typeface does not stop the theft.”