The CFPB is keeping the heat on credit card issuers. While subtitled “A review of the impact of the CARD Act on the consumer credit card market,” the CARD Act report issued yesterday by the CFPB contains more than the CFPB’s impact findings. Most notably, the report also describes the CFPB’s plans to scrutinize add-on products, deferred interest programs, rewards programs and other “areas of concern.”
For a detailed summary of the report, see our legal alert.