BORROWING: THE PUSH TO TELL YOU THE WORST
By Editor: Pauline Tai Reporter associate: Elizabeth MacDonald

(MONEY Magazine) – Now it's the revolving-credit-card users' turn to get some protection from Washington, D.C. Under consideration is a bill championed by a few Democrats that would require lenders to disclose at the time of application such details as the annual percentage rate, annual fee and grace period. The bill may require these terms to be prominently displayed in a separate box on the application. Under current practice, card issuers do not disclose this information until your application has been approved, and you are more likely to feel committed to taking the card.

CHART: TEXT NOT AVAILABLE CREDIT: NO CREDIT CAPTION: NO CAPTION DESCRIPTION: Examples of loan rates.