The proposed new Schumer box also incorporates graphic techniques such as a minimum font size of ten points, judicious bolding of text, and vertical alignment of key numbers. Other changes to the content and format of the Schumer box are discussed below. Rates based on creditworthiness.
A creditor may disclose at solicitation a range of APRs or several discrete APRs because it will determine a particular applicant's rate based on an evaluation of creditworthiness. The proposal would require the creditor to disclose in simple terms, tested with consumers, that the rate the applicant receives would be based on the applicant's creditworthiness. Adjustable rates.