Credit card issuers have to May 2 to resume sending agreements to CFPB

first_imgCredit card issuers have until May 2 to submit their card agreements to the Consumer Financial Protection Bureau (CFPB), as the one-year suspension of the requirement ended April 1. The CFPB suspended the quarterly submission in April 2015 as it developed a streamlined database of the agreements.The agreements are already required to be posted on an issuer’s public website, and issuers must also submit their name, address and unique identifying number for the issuer, such as the RSSD ID. Issuers can e-mail a link to the webpage containing the agreement in lieu of a PDF attachment of the agreements, a step taken by the bureau to alleviate the submission burden.The Credit Union National Association (CUNA) supported this change from the CFPB as a much-needed piece of regulatory relief. continue reading » 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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