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Consumer Financial Protection Bureau Finalizes Rule Aimed at Improving Credit Card Agreement Submission Process

Bureau to Temporarily Suspend Card Issuers’ Obligation to Submit Credit Card Agreements

WASHINGTON, D.C. –(ENEWSPF)—April 15, 2015. Today the Consumer Financial Protection Bureau (CFPB) issued a final rule aimed at improving the way that companies submit consumer credit card agreements to the Bureau. The rule temporarily suspends a requirement that each quarter certain credit card issuers send their agreements to the Bureau, which publishes them in a public database on its website. Other requirements, including…

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