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Consumer Financial Protection Bureau (CFPB) Credit Card Agreements

Ballard Spahr LLP

CFPB releases annual report to Congress on college credit card agreements

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The CFPB has released its eighth annual report to Congress on college credit card agreements.  The annual report is mandated by the CARD Act.  (The first two reports were issued by the Federal Reserve Board.)...more

Ballard Spahr LLP

CFPB releases seventh annual report to Congress on college credit card agreements

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The CFPB has released its seventh annual report to Congress on college credit card agreements.  The annual report is mandated by the CARD Act....more

Ballard Spahr LLP

CFPB releases report on college credit card agreements

Ballard Spahr LLP on

The CFPB released its sixth annual report to Congress on college credit card agreements.  The annual report is mandated by the CARD Act. ...more

Ballard Spahr LLP

CFPB changes tone in third biennial CARD Act report

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The CFPB issued its third biennial report on the credit card market last week.  The report represents the first major report issued by the CFPB since former Director Cordray’s resignation and President Trump’s designation of...more

Ballard Spahr LLP

CFPB releases report on college credit card agreements and compliance bulletin

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The CFPB released its annual report on college credit card agreements (the fifth issued by the CFPB), together with a compliance bulletin regarding the obligation of colleges and universities under the CARD Act to publicly...more

Ballard Spahr LLP

CFPB issues guidance on resumption of quarterly credit card agreement submissions

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The CFPB has issued guidance to credit card issuers regarding the resumption of the requirement to submit card agreements to the CFPB on a quarterly basis. The next submission is due on or before May 2, 2016. In April 2015,...more

Ballard Spahr LLP

CFPB releases report on college credit card agreements, student account toolkit and warning letters

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Earlier this week, the CFPB released  its sixth annual report on college credit card agreements, together with a new toolkit for schools to use when considering potential co-sponsorships of financial accounts, such as prepaid...more

Holland & Knight LLP

CFPB Proposes Limits on Companies' Use of Arbitration Clauses

Holland & Knight LLP on

The Consumer Financial Protection Bureau (CFPB) has proposed new rules that would ban companies' use of arbitration clauses that prevent consumer class action lawsuits. The potential new rules, announced this month, would...more

Goodwin

Financial Services Weekly News Roundup - April 2015 #4

Goodwin on

FINRA’s Retrospective Rule Review Process Continues. On April 16, FINRA announced that the FINRA Board of Governors had authorized FINRA to publish a regulatory notice requesting comment on proposed amendments to Rules 2210...more

Morrison & Foerster LLP

CFPB Finalizes Rule Suspending Quarterly Submission of Credit Card Agreements

On April 15, 2015, the Consumer Financial Protection Bureau (“CFPB”) announced a final rule (“Final Rule”) that suspends for one year the requirement under the Truth in Lending Act and implemented by Regulation Z that credit...more

Orrick - Finance 20/20

CFPB Finalizes Rule Aimed at Improving Credit Card Agreement Submission Process

Orrick - Finance 20/20 on

On April 15, the CFPB issued a final rule aimed at improving the way that companies submit consumer credit card agreements to the CFPB....more

Ballard Spahr LLP

CFPB finalizes temporary suspension of TILA requirement for quarterly submission of credit card agreements

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The CFPB has issued a final rule adopting its proposal to suspend for one year the Truth in Lending Act/Regulation Z requirement for issuers of open-end credit cards to send their credit card agreements to the CFPB quarterly...more

Troutman Pepper

CFPB Request for Information Targets Credit Card Debt Collection and Ability to Repay

Troutman Pepper on

The Consumer Financial Protection Bureau (CFPB or Bureau) announced on March 17 that it is seeking public comment, via a Request for Information, ahead of a second study on the credit card market. With this request, the...more

Stinson - Corporate & Securities Law Blog

CFPB Investigating Credit Card Market

The CFPB announced it is seeking public comment on how the credit card market is functioning and the impact of credit card protections on consumers and issuers. This public inquiry will focus on issues including credit card...more

McGuireWoods LLP

CFPB Proposal Seeks Suspension of Credit Card Agreement Submissions

McGuireWoods LLP on

On February 24, 2015, the CFPB proposed an amendment to Regulation Z which would suspend, for one year, credit card issuers’ obligations to submit credit card agreements to the CFPB. ...more

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