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.
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.
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.
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.
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.
The OCC yesterday updated its Comptroller’s Handbook guidance on credit card lending.
The Consumer Financial Protection Bureau today announced 2016 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.
Surface benefits for consumers from the 2009 Credit CARD Act have been offset by significant negative effects, ABA told the Consumer Financial Protection Bureau yesterday.
The Consumer Financial Protection Bureau today finalized a rule that would suspend the requirement for credit card issuers to submit card agreements to the bureau while it develops a more streamlined automated submission system.