LITTLE ROCK, AR-- Reading the fine print is getting harder to do. Financial experts say consumers are getting hit with more and more information.
Some of the print is so tiny, it measures a sixteenth of an inch. Experts say don't look for changes anytime soon.
"The amount of disclosure that banks and other companies need to provide to them is just overwhelming," said attorney Alan Kaplinsky.
So now your phone may have a 216-page users guide or a 32-page information booklet.
"You've got this competing demand to comply with all these laws and to do things to make sure you don't become a target of the next class action lawsuit and you can't do both," said Kaplinsky.
The Center for Plain Language is calling on government agencies and businesses to make agreements understandable and readable.
Experts say not reading the fine print costs the average household up to three thousand dollars a year in fees and charges.
The Federal Trade Commission keeps a close watch on the problem as experts argue about regulations.
"Disclosures can affect consumer's rights and so it's important that they be readable," said Federal Trade Commission representative Richard Cleland.
To report a hard to read document, click
here.
