Access Point #: SS.912.FL.4.AP.2


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Compare how banks compete to offer low introductory credit rates, which increase over time or when a payment is missed or late.
Number: SS.912.FL.4.AP.2 Category: Access Points
Date Adopted or Revised: 05/23 Standard: Using Credit

Related Benchmarks

Name Description
SS.912.FL.4.2 (Discontinued after 2023-2024): Discuss that banks and financial institutions sometimes compete by offering credit at low introductory rates, which increase after a set period of time or when the borrower misses a payment or makes a late payment.



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