United States:
CFPB Initiates Second CARD Act Review
08 April 2015
Morrison & Foerster LLP
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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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