NAFCU witness tells congressional panel that new CFPB rules add to the problem.
While it would seem like credit card compliance issues are in the rearview mirror, now is the perfect time for credit unions to review their procedures to ensure they remain compliant.
CFPB issues report on CARD Act four years in.
CFPB would scrap a provision of the CARD Act that prevents non-working spouses from applying for credit cards in their own name.
CardHub.com researchers find transparency bump after CARD Act to be temporary.
Rule called unfair to non-working spouses to undergo scrutiny.
Firm says a recent survey of low and middle income consumers indicates the 2009 CARD Act is helping consumers avoid fees, penalty rates.
CFPB Director Richard Cordray said he is committed to reviewing rule that prohibits non-working spouses from using household income to qualify for a credit card.
Petitions target law that bans stay-at-home parents from using spousal income for credit card applications.
First Premier Bank, a credit card issuer that specializes in issuing credit cards for consumer with low credit scores or without credit scores, has sued to block regulations that it said would put it out of business.