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ARTICLE · 08 APRIL 2015

CFPB Initiates Second CARD Act Review

Morrison Foerster
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On March 19, 2015, the Consumer Financial Protection Bureau (CFPB) published a notice and request for information ("2015 RFI") regarding the impact of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act), as required by Section 502(a) of the CARD Act

United StatesConsumer Protection
Richard Fischer
Richard Fischer
Obrea Poindexter
Obrea Poindexter
Jeremy Mandell
Jeremy Mandell
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On March 19, 2015, the Consumer Financial Protection Bureau (CFPB) published a notice and request for information ("2015 RFI") regarding the impact of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act), as required by Section 502(a) of the CARD Act. The CARD Act requires that the CFPB conduct this review every two years; the last such effort was undertaken beginning in late 2012 ("2012 RFI").

Read our client alert and previous blog post on the 2015 RFI.

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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