Comments Due to NAFCU: CFPB - Request for Information Regarding Consumer Credit Card Market
NAFCU would like to highlight the following:
- The RFI seeks to update information on the credit card market last collected by the CFPB in September 2021.
- The RFI suggests that certain practices of credit card issuers may uniquely affect special populations (such as servicemembers and their dependents, low- and moderate-income consumers, older Americans, and students.)
- The RFI is interested in potential obstacles faced by smaller financial institutions when launching a credit card product.
- The RFI seeks feedback on ways in which the CARD Act provisions encourage or discourage innovation.
Comments due to NAFCU: March 24, 2023
Comments due to CFPB: April 24, 2023
NAFCU will send comments on behalf of its members to the CFPB by its deadline (April 24, 2023).