Skip to content

Schumer Box

Answered by: 

If my CU is offering a credit card at a rate of PRIME + 3.9%, what is required to be in the Schumer box?

You would disclose what the rate (prime + 3.9, currently 12.15) would be at the time the disclosure was prepared. You would then have to give an explanation of how the rate is calculated and that it is a variable rate.

First published on 4/23/07

First published on 04/23/2007

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics