CARD Act

• CFPB Proposed Rule Amends CARD Act to Benefit Non-Working Spouses

  By Heather Anderson  |  October 18, 2012

  CFPB would scrap a provision of the CARD Act that prevents non-working spouses from applying for credit cards in their own name.

• Study Finds Large Card Issuers Becoming Less Transparent

  By David Morrison  |  August 14, 2012

  CardHub.com researchers find transparency bump after CARD Act to be temporary.

• House Hearing Will Scrutinize CARD Act’s Ability to Repay Provision

  By Heather Anderson  |  June 6, 2012

  Rule called unfair to non-working spouses to undergo scrutiny.

• Survey Finds CARD Act Helping Reduce Debt Load

  By David Morrison  |  May 22, 2012

  Firm says a recent survey of low and middle income consumers indicates the 2009 CARD Act is helping consumers avoid fees, penalty rates.

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  MomsRising CARDS Act Protester Gets Cordray Support at CFPB

  By Heather Anderson  |  May 18, 2012

  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.

• Stay-at-Home Parents Petitioning CFPB for CARD Act Change

  By Heather Anderson  |  May 14, 2012

  Petitions target law that bans stay-at-home parents from using spousal income for credit card applications.

• Credit Card Fees Spark Bank Lawsuit

  By David Morrison  |  July 31, 2011

  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.

• High-Cost Credit Card Suing Over Fees

  By David Morrison  |  July 22, 2011

  First Premier Bank says Reg Z changes would put it out of business.

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  Card Affinity Programs at Colleges Show a Decline in Growth

  By David Morrison  |  July 17, 2011

  The Federal Reserve's most recent report about cards issued in affinity with colleges and universities has shown how the overall college and university affinity market has contracted slightly over the last year but also provided credit unions with card-issuing opportunities.

• Counseling Firm Offers CUs Card Compliance Option

  By David Morrison  |  June 8, 2011

  GreenPath offers card issuers no-charge access to its credit card counseling line.