WASHINGTON — The Consumer Financial Protection Bureau issued a warning Wednesday to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates.

In a bulletin, the agency specifically targets creditors that offer low or zero interest rate promotions without clearly disclosing to the consumer the possibility of interest rate hikes after the promotion has ended or sudden charges that could result from adding new purchases before the total balance is paid off.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.