The CFPB has issued its second biennial report on the credit card market. In addition to setting forth the CFPB’s general findings about market conditions, the report discusses “areas of concern for consumers,” including deferred interest products, subprime credit cards, and rewards programs. The areas of concern noted in the report are likely to be the subject of heightened CFPB supervisory scrutiny and enforcement activity. For more on the report, see our legal alert.
On January 15, 2016, Ballard Spahr attorneys will hold a webinar on the report from 12 p.m. to 1 p.m. ET. The webinar registration form is available here.