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Expert Analysis

Considerations For Commenting On CARD Act's Impact

Law360, New York ( January 7, 2013, 11:52 AM EST) -- Pursuant to Section 502 of the Credit Card Accountability Responsibility and Disclosure Act of 2009 ("CARD Act"),[1] the Bureau of Consumer Financial Protection is conducting a review of the consumer credit card market. As part of its review, the agency is seeking comment by Feb. 19, 2013, from consumers, credit card issuers, industry analysts, consumer advocates, and other interested persons regarding the consumer credit card market.[2] As noted in the CFPB's notice and request for information,[3] the agency intends to use comments on the notice to inform its mandatory report to Congress on the credit card market.[4]   ...

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