On Monday Bank of America Corp. launched a program in which it is offering its credit-card customers an easy-to-understand list of terms and conditions for each account.
Credit Card Clarity Commitment program
It has been said by the bank that in this Credit Card Clarity Commitment program they will provide each cardholder with a one-page summary of all account terms in plain language. The program is an extension of BofA’s clarity initiative that has been launched by the bank earlier this year for its mortgage business.
