Trade groups: Removing late fee ‘safe harbor’ could harm consumers
Late fees for financial products, when charged appropriately, incentivize timely payment and good financial management, ABA and three other financial ...
Tag: CARD Act
CFPB: Total Credit Card Balances Fell by Record Amount in 2020
Following the onset of the COVID-19 pandemic, credit card debt fell to $811 billion in the second quarter of 2020, ...
CFPB: Campus Credit Cards Continue to Decline
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was ...
Acting CFPB Director Seeks to ‘Preserve Status Quo’ on QM, Debt Collection
Acting Consumer Financial Protection Bureau Director Dave Uejio today signaled that the bureau may move to reconsider recent final rulemakings ...
CFPB Launches Latest CARD Act Review; Seeks Feedback on Regulations
The Consumer Financial Protection Bureau is beginning its biennial review of the consumer credit card market, as mandated by the ...
Boston Fed Researchers: CARD Act Limited Young Adults’ Ability to Build Credit
The 2009 Credit CARD Act may have hindered young adults’ ability to build credit histories, according to a new paper ...
CFPB: Total Credit Card Balances Reach $900B in 2018
Demand for credit cards remains relatively stable and banks are introducing new technologies like AI and chatbots into the payments ...
CFPB Announces 2020 Reg Z Dollar Thresholds
The Consumer Financial Protection Bureau announced 2020 changes in dollar thresholds for several Regulation Z provisions governed by the CARD ...
ABA Urges CFPB to Modernize Card Disclosure Rules
ABA yesterday urged the Consumer Financial Protection Bureau to use its authority to update outdated disclosure rules to meet the ...
CFPB Announces 2018 Reg Z Dollar Thresholds
The Consumer Financial Protection Bureau today announced 2018 changes in dollar thresholds for several Regulation Z provisions governed by the ...
