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 released by the Federal Reserve Bank of Boston.
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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 experience, according to the biennial Credit CARD Act report released by the Consumer Financial Protection Bureau today.
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 Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act.
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ABA yesterday urged the Consumer Financial Protection Bureau to use its authority to update outdated disclosure rules to meet the needs of consumers and facilitate seamless digital payment experiences.
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 CARD Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act. The thresholds are based on changes in the Consumer Price Index.
ABA: CARD Act Has Led to Higher Credit Costs, Lower Availability
ABA today filed comments in response to the Consumer Financial Protection Bureau’s request for information regarding the consumer credit card market, pursuant to the Credit Card Accountability Responsibility and Disclosure Act of 2009.
Studies: Obama-Era Rules May Hinder Growth and Harm Competition
The first broad-scale academic assessment of new financial rules and standards put in place during the Obama presidency — including the Dodd-Frank Act, Basel III and the CARD Act — finds “causes for concern” about the impact of the rules on growth, credit availability and competition.
CFPB: Campus Credit Cards Continue Decline
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was enacted in 2009, the Consumer Financial Protection Bureau said in a report today.
CFPB Updates Reg Z Dollar Thresholds
The Consumer Financial Protection Bureau today announced 2017 changes in dollar thresholds for several Regulation Z provisions governed by the CARD Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act.
CFPB: CARD Act Followed by Increase in Credit Availability
Credit availability has increased by 10 percent and total cost of credit has decreased by 2 percent since the implementation of the CARD Act, the CFPB reported today.