Links in “Credit/Debit Cards”
- Breaking Down Ability to Pay Rules for Credit Cards
AffirmX's Jane Pannier breaks down Ability to Pay rule for credit cards; voluntary compliance was effective on May 3, 2013, compliance is mandatory by November 4, 2013. [7/11]
- Recapping CFPB’s Credit Card Rule Amendments for Stay-at-Home Spouses
The four key takeaways from the 86-page final rule. [5/29]
- Digging Deeper into Ability to Pay Rules
When determining whether to issue an applicant a credit card, CUs may consider whether consumers 21+ have a "reasonable expectation of access" to income and assets, but are they required to? [5/28]
- Consumer Website Accuses Merchants of Charging for Card Use
GoBankingRates.com alleges retailers taking advantage of consumer confusion. [5/15]
- CARD Act Rule Finalized
Rule changes on considering income of stay-at-home spouses and partners.
