What is the Schumer Box?
The Federal Truth in Lending Act (TILA) requires credit card companies to disclose certain information in any offer they make to you. The "Schumer Box", named after Sen. Charles E. Schumer who sponsored the provision to the TILA that requires it, further ensures that credit issuers disclose this important information to you in a tabular form that is easy to read and understand. The Schumer Box can be located on the back of a credit card solicitation, on a separate sheet of paper enclosed in the envelope, or via a hyperlink when applying for a credit card online.
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