Key facts
| Measure | Value | Year |
|---|---|---|
| apr disclosure required[1] | Card issuers must disclose each periodic rate used to compute the finance charge and the corresponding annual percentage rate under the Truth in Lending Act. | 2026 |
| card billing dispute note[2] | A creditor that receives a cardholder's written notice of a billing error within 60 days after sending the statement must follow the federal billing-error investigation procedure. | 2026 |
| card billing dispute window days[2] | 60 | 2026 |
| credit card shopping note[3] | The CFPB publishes a consumer tools hub on credit cards covering key terms such as APR, how to dispute a charge, and advance notice of significant term changes. | 2026 |
Sources
- Cornell Law School Legal Information Institute. 15 U.S. Code 1637 - Open end consumer credit plans.
- Cornell Law School Legal Information Institute. 15 U.S. Code 1666 - Correction of billing errors.
- Consumer Financial Protection Bureau. Credit cards.
Representative example
- Amount borrowed
- $1,000
- Annual percentage rate (APR)
- 29.99%
- Repayment
- 12 monthly payments
- Payment
- $97.48
- Finance charge
- $169.76
- Total of payments
- $1,169.76
Example: a $1,000 installment loan at 29.99% APR repaid in 12 monthly payments of $97.48 costs $1,169.76 in total, including a finance charge of $169.76. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.