One of the main promises of the 2009 credit card reform law was that clearer disclosures to consumers would prompt them to make more prudent financial decisions.

For example, the law requires monthly statements to show the payment amount that would be required to pay off the card balance within 36 months, which is often well above the minimum due. The CARD Act also mandates that card companies list a toll-free phone number for troubled borrowers to call for information about credit counseling.

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