Left to right: Credit-card agreement, Neo Johnson and Zjaeriq Sanders
On today's Planet Money, we read the thing you've never read: your credit card agreement. And we pose the question: Does it really have to be so long and complicated?
We talk to a lawyer who says yes, it really does have to be so long and complicated. We talk to a consultant whose job is to make it simpler. And we ask 4th graders to read a credit-card agreement and tell us what they think.
Read our post from this morning: "Why Are Credit Card Agreements So Long?"
And check out these two samples of bank privacy disclosures. Here's the complicated one. Here's the simplified one.
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