Proposed A Rule.pdf

cfpb_credit-card-penalty-fees-nprm_2023-01.pdf
Preview of proposed a rule
🔗 Source: files.consumerfinance.gov
📊 Size: 1.72 MB
👤 Author: NPRM
⬇️ Downloads: 143

Summary

The Consumer Financial Protection Bureau proposes to amend Regulation Z to ensure credit card late fees are "reasonable and proportional" to the late payment. The proposal includes: (1) lowering the safe harbor dollar amount for late fees to $8 and eliminating a higher safe harbor for subsequent violations, (2) exempting late fee safe harbor amounts from annual inflation adjustments, and (3) capping late fee amounts at 25% of the required payment. Comments are due by April 3, 2023, or 30 days after publication in the Federal Register.

Description

The Consumer Financial Protection Bureau proposes to amend Regulation Z to ensure credit card late fees are "reasonable and proportional" to the late payment.

Technical Information

  • File Format: PDF
  • File Size: 1.72 MB
  • Pages: 175
  • Language: EN
  • Author: NPRM
  • Total Downloads: 143
  • Last Updated: 1 week ago

Document Overview

This PDF document about proposed a rule provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into proposed a rule.

Related Topics

If you're interested in proposed a rule, you might also want to explore:

Download proposed a rule eBooks for free and learn more about proposed a rule. These books contain exercises and tutorials to improve your practical skills, at all levels!

Not satisfied with this document? We have related documents to proposed a rule, try searching with similar keywords: 2022.03.04 Proposed Amici Curiae App to File Brief and Proposed Brief, 2022 03 04 Proposed Amici Curiae App To File Brief And Proposed Brief, 316 B Proposed Rule, Cy 2013 Pfs Proposed Rule, Docket ID NRC 2009 0163 Proposed Rule Physical Pro, Epa Mact Proposed Rule, Epa Proposed Rule, Notice Of Filing And Immediate Effectiveness Of A Proposed Rule

You can download PDF versions of the user's guide, manuals and ebooks about proposed a rule, you can also find and download for free A free online manual (notices) with beginner and intermediate, Downloads Documentation, You can download PDF files (or DOC and PPT) about proposed a rule for free, but please respect copyrighted ebooks.