The CFPB published a request for information in yesterday’s Federal Register seeking information to inform its next review of the credit card market.  The CARD Act requires the Bureau to conduct such a review every two years.  The Bureau’s first three reviews were published in October 2013, December 2015, and December 2017.

The RFI contains a series of questions about various issues that are divided into the following topics:

  • Terms of credit card agreements and practices of card issuers
  • Effectiveness of disclosures of terms, fees, and other expenses of credit card plans
  • Adequacy of protections against unfair or deceptive acts or practices relating to credit card plans
  • Cost and availability of consumer credit cards
  • Safety and soundness of credit card issuers
  • Use of risk-based pricing for consumer credit cards
  • Consumer credit card product innovation

Comments must be received on or before May 1, 2019.