Policy & Legislation
HIGHLIGHT
Deregulation has created a world where credit card issuers construct the terms, rules, and practices in their contracts without the check of meaningful lawas and consumer protections. In a hobbled economy and as American credit card debt approaches one trillion dollars, the legislative and regulatory landscape must restore balance and fairness.
- Comment: Potential Violations of the Credit CARD Act
July 7, 2010CRL and consumer coalition express concerns about credit card issuer potential violations of the the Credit CARD Act of 2009. Problems related to penalty rate disclosures, variable rates, payment allocation and pick-a-rate are cited.
- Comments on Proposed Reg Z Rules Re Implementation of Credit Card Act Provisions
April 14, 2010CRL and other consumer groups comments to the Federal Reserve on proposed credit card rules related to the implementation of the Credit CARD Act and penalty rates and fee increases.
- Highlights of the New Credit Card Rules: What They Do and Don’t Do
February 19, 2010Credit CARD Act of 2009 – Learn what the law does and does not cover.
- Congressional Research Service Memo re H.R. 627
May 12, 2009This memorandum provides a comparative analysis of H.R. 627 (the Credit Cardholders’ Bill of Rights Act of 2009), as passed by the House on April 30, 2009, and the amendment in the nature of a substitute prepared by the Senate Banking Committee.
- Testimony of Kathleen Keest In Regards To HR 2309
May 12, 2009Testimony of Kathleen E. Keest on behalf of the Center for Responsible Lending, Consumer Federation of America, and the National Consumer Law Center before the Subcommittee on Commerce, Trade and Consumer Protection Committee on Energy and Commerce in regards to H.R. 2309: The Consumer Credit and Debt Protection Act.
- Comment: Unfair or Deceptive Practices with Respect to Credit Cards
August 4, 2008Comments on Federal Reserve Board proposals regarding unfair and deceptive credit card practices, August 4, 2008.
- Comments: Open-End Credit, Bankruptcy Amendments of 2005
December 16, 2005Comment to Federal Reserve on proposals regarding Open-End Credit Implementation of the Bankruptcy Amendments of 2005, December 16, 2005.
