Regulators
HIGHLIGHT
The Federal Reserve issued credit card rules in December 2008 that benefit borrowers by curbing unfair and abusive industry practices. The catch? The rules won't take effect until July 2010 while many Americans need relief now. Read CRL's comment letter to the Fed.
Browse Credit Cards - Policy & Legislation - Regulators
- Highlights of the New Credit Card Rules: What They Do and Don’t Do
January 26, 2012Credit CARD Act of 2009 – Learn what the law does and does not cover.
- 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.
- 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.
