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Simplified credit card agreements

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About all people know about their credit card agreements - is that they are hard to read.

Now, the Consumer Financial Protection Bureau is out with a prototype of a credit card agreement written in plain English.

The idea is to sweep away the legalese and make it easier for consumers to understand a card's costs and terms.

The agency is asking for the public's comments on the new language - which is available online. Click the link to the right to learn more and comment.

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