Where must Schumer box disclosures be located according to regulations?

The correct answer is that Schumer box disclosures must be provided on or with the solicitation or application.

The Schumer box is a standardized table that presents key terms and conditions associated with credit card offers. This requirement is designed to ensure that consumers receive clear, concise, and comparable information about credit card pricing and terms when they are considering an application or receiving a solicitation. Providing this information at the point of solicitation or application allows consumers to make informed decisions before entering into an agreement, ensuring transparency.

The other options do not align with the regulatory requirements. For instance, including disclosures only in the credit card agreement would not fulfill the obligation to present key terms upfront when a consumer is evaluating their options. While having them in members' financial statements or on the credit union's website may be beneficial for overall transparency, it does not satisfy the specific requirement that they must be presented when a consumer is solicited for or applies for a credit card.