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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.
- February 27, 2014February 26, 2014January 10, 2014CFPB Releases Mortgage Resources On Tuesday, January 7, 2014, the CFPB released new consumer resources on mortgage rules, many of which take effect today, January 10, 2014. As part of the CFPB’s campaign to educate consumers on the new rules, these resources include sample letters consumers can send to their mortgage servicers, mortgage tips, FAQs, factsheets, and other consumer tools. “Taking...October 11, 2013Enforcement Attorneys Will Not be Present at CFPB Examinations On Wednesday, October 9, 2013, The Wall Street Journal reported that the Consumer Financial Protection Bureau (CFPB) indicated it is changing its policy regarding enforcement attorney involvement in the examination process. Beginning November 1, 2013, CFPB enforcement attorneys will no longer be present at examinations. Industry...October 4, 2013CFPB Releases Second Annual CARD Act Report On Wednesday, October 2, 2013, the CFPB issued a report on the effects the Credit Card Accountability Responsibility and Disclosure (CARD) Act has had on the consumer credit card market. The report details how the Act has reduced penalty fees and made the cost of credit cards clearer to consumers. The report found the total cost of credit declined by...October 2, 2013October 2, 2013August 2, 2013Dear Sir or Madam: The undersigned trade associations (the Associations) appreciate the opportunity to offer our views on the advance notice of proposed rulemaking (ANPR) recently issued by the Department of Defense (Department). The ANPR seeks comment on whether the Department should consider revising existing protections under the Military Lending Act which apply to consumer credit extended to...June 7, 2013CFPB Expands Online Complaint Database On Friday, May 31, 2013, the CFPB announced the addition of credit reporting and money transfer complaints to its online database. The CFPB began accepting credit complaints in October 2012, and has added more than 6,000 of these to the database. The Bureau began accepting complaints for money transfers in April 2013. Additionally, all types of complaints...May 5, 2013