WASHINGTON — The Consumer Financial Protection Bureau unveiled a prototype for a simplified credit card agreement on Wednesday, the latest in a series of initiatives aimed at improving financial disclosures.

The agreement is roughly 1,100 words — compared to the average 5,000-word credit card agreement — and removed much of the contractually necessary legalese in favor of standard definitions and plain language, Raj Date, the bureau's de facto leader, said at a news conference in Cleveland.

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