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Credit Card Disclosures
Credit cards are an integral part of many consumers’ financial management portfolios. To aid our corporate members, CBA offers a full range of educational opportunities through our Committees, promoting best credit card disclosure practices and forming a link between Washington and the CBA membership to educate bankers and create a basis for CBA’s policy positions.
- March 1, 2018 - 2:00PMUpcomingDecember 12, 2017 - 2:00PMPastOctober 17, 2017 - 2:00PMPastAugust 30, 2017On Wednesday, August 30, 2017, the CFPB announced its annual adjustments to the dollar amounts of certain thresholds under the Truth in Lending Act (TILA) appling to consumer credit transactions starting in 2018. The adjustments are based on the annual percentage change in the Consumer Price Index. The notice addresses the thresholds related to the minimum interest charge and safe harbor penalty...August 23, 2017CFPB Takes Action against American Express Subsidiaries On Wednesday, August 23, 2017, the CFPB took action against two American Express banking subsidiaries for allegedly discriminating against consumers in Puerto Rico, the U.S. Virgin Islands, and other U.S. territories. The agency claims the companies provided consumers with credit and charge card terms inferior to those available in the 50...June 8, 2017Monica Jackson Office of the Executive Secretary Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Re: Request for Information Regarding Credit Card Market Docket No. CFPB-2017-0006 Dear Ms. Jackson: The Financial Services Roundtable 1 and the Consumer Bankers Association 2 (the “Associations”) appreciate the opportunity to provide comments on the Consumer Financial...June 8, 2017On Thursday, June 8, 2017, the CFPB announced it had sent letters to top retail credit card companies encouraging the use of more transparent transactions. The letter addresses the agency’s concerns with retailers using deferred-interest promotions for credit cards. “With its back-end pricing, deferred interest can make the potential costs to consumers more confusing and less transparent,” said...March 28, 2017On Tuesday, March 28, 2017, the CFPB released their monthly snapshot , highlighting consumer complaints about credit cards, which shows consumers continue to report problems when attempted to dispute charges on their card. The CFPB’s report also highlights trends seen in complaints coming from Massachusetts, and reports the Bureau had handled approximately 1,136,000 consumer complaints across all...March 22, 2017Download Whitepape r. KPMG LLP (KPMG) is pleased to announce the release of the new point-of-view document related to our Chief Compliance Officer (CCO) Survey findings , The compliance journey: Boosting the value of compliance in a changing regulatory climate . In a time of new U.S. administrative impacts to the regulatory environment, determining how to boost the value you get from your...December 14, 2016On Wednesday, December 14, 2016, the CFPB released a report raising new concerns about fees and features attached to certain college-sponsored accounts. The Bureau analyzed roughly 500 marketing deals between schools and banks, finding many allow for risky features which may lead students to incur burdensome fees. The report also examines trends in school-sponsored credit card market and issued a...