three credit cards on a table Source: Shutterstock.

In an effort to comply with the Credit Card Accountability Responsibility and Disclosure Act (CARD Act), the CFPB announced Tuesday that it’s seeking input from financial institutions for public feedback “on how the consumer credit market is functioning.”

Every two years the CFPB conducts its review of the credit card market and how it is or isn’t helping consumers and credit card issuers. The CARD Act mandates that the bureau conduct this review and report to Congress.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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