Continued CFPB Scrutiny of Credit Card Market; Focus Turns to Disclosures

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The credit card market continues to be high on the Consumer Financial Protection Bureau's hit list. As noted in prior blog posts, the CFPB is focused intently on advertising and marketing of financial products and services. Because large advertising dollars are spent on credit card marketing, card issuers need to proceed with caution.

So far, the CFPB has brought three enforcement actions related to credit card add-on products; with the potential for more credit card market actions in the future.

Please see full article below for more information.

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Topics:  Advertising, CFPB, Credit Cards, Disclosure Requirements

Published In: General Business Updates, Communications & Media Updates, Consumer Protection Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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