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 20, 2015
    CFPB Finalizes Policy on Consumer Complaint Narratives On Thursday, March 19, 2015, the CFPB announced it had finalized policy to allow for the inclusion of unverified consumer complaint narratives into its Consumer Complaint Database. With input from its membership, CBA responded to the CFPB requests for public comment on this issue in September of 2014. In its press release, the Bureau...
  • February 27, 2015
    Regulators Release Guidance to Encourage Youth Savings Programs On Wednesday, February 25, 2015, the Financial Literacy Education Commission ( FLEC ) held a public meeting at the U.S. Department of Treasury in Washington, D.C., which focused on youth savings programs, and highlighted partnerships between the public and private sector to encourage strong financial skills in young people. The...
  • February 6, 2015
    CFPB Announces Next Consumer Advisory Board Meeting On Tuesday, February 3, 2015, the CFPB announced the next meeting of its Consumer Advisory Board will be held February 19, 2015 from 10 a.m. – 4 p.m. in Washington, D.C. According to the agenda , the meeting will focus on financial wellness and medical debt. CFPB Files Action Over Alleged Credit Card Scam On Tuesday, February 3, 2015, the CFPB...
  • January 22, 2015
    Introduction Loan sales can significantly benefit banks and other financial institutions, whether these organizations want to bolster their income by buying portfolios or free themselves up to issue more credit by selling them. However, sellers will need to be familiar with the current compliance environment, which is intricate and constantly evolving. Sales that fail to address and successfully...
  • December 19, 2014
    CFPB Issues Report on College Credit Card Agreements On Monday, December 14, 2014, the CFPB released its second annual report to Congress on "College credit card agreements." The Credit Card Accountability, Responsibility and Disclosure Act ("CARD Act") requires the Bureau to submit to Congress an annual report listing information submitted to the Bureau concerning agreements between credit card...
  • December 19, 2014
    CFPB Issues Report on College Credit Card Agreements On Monday, December 14, 2014, the CFPB released its second annual report to Congress on "College credit card agreements." The Credit Card Accountability, Responsibility and Disclosure Act ("CARD Act") requires the Bureau to submit to Congress an annual report listing information submitted to the Bureau concerning agreements between credit card...

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