On March 19, 2015, the Consumer Financial Protection Bureau (CFPB) published a notice and request for information (“2015 RFI”) regarding the impact of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act), as required by Section 502(a) of the CARD Act. The CARD Act requires that the CFPB conduct this review every two years; the last such effort was undertaken beginning in late 2012 (“2012 RFI”).
Read our client alert and previous blog post on the 2015 RFI.