CFPB Seeking Comment on Future Card Rules
December 20, 2012
The Consumer Financial Protection Bureau on Dec. 19 opened up a 60-day comment period on future credit card rules. Specifically, it wants feedback on how the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 has affected consumers and the industry. The CFPB said the remarks on how cost and access to credit have changed, whether abusive or deceptive practices are still being used, and other aspects will help it with policy decisions down the road.
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