Fed Approves Rule to Cap Late Fees

Borak, Donna; Fitzgerald, Kate
June 2010
American Banker;6/16/2010, Vol. 175 Issue 92, p3
Trade Publication
The article reports that the U.S. Federal Reserve Board approved a rule that would set a cap on late fees for credit card payments.


Related Articles

  • Fed Offers Reg Z Fee Guidance.  // Credit Union Newswatch;11/8/2010, p6 

    The article presents the report from the U.S. Federal Reserve Board indicating that the Regulation Z Truth-in-Lending changes, imposed by the Credit Card Accountability Responsibility and Disclosure (CARD) Act, requires that credit card application fees and other similar fees are covered by the...

  • FED WOULD LIMIT CARD FEES, RATE HIKES.  // CardLine;10/2/2009, Vol. 9 Issue 40, p19 

    The article reports on the proposal released by Federal Reserve Board that would tighten the policies on the credit card industry in the U.S. The proposal contains policies that will limit the use of credit card by young borrowers and will restrict on the rate increases. The proposal has been...

  • Fed Approves Tough New Restrictions On Rates, Fees On Cards. Roberts, Ed // Credit Union Journal;12/22/2008, Vol. 12 Issue 51, p1 

    The article reports on the approval of the U.S. Federal Reserve Board regarding the new restrictions on the rates and fees issuers can charge on credit cards. It mentions that the approval will allow card issuers to raise interest rates on credit cards and future purchases. It says that the new...

  • Fed Finalizes Rule On Cards, Rates. Sloan, Steven // CardLine;1/15/2010, Vol. 10 Issue 3, p27 

    The article reports on the U.S. Federal Reserve Board's finalization on the rule on credit card fees and interests rates, which will take effect on February 22, 2010.

  • ISSUERS DODGE WORST-CASE SCENARIO IN FED'S RULES.  // ISO & Agent Weekly;6/17/2010, Vol. 6 Issue 22, p1 

    The article reports on the credit card penalty rule that is stipulated in the Credit Card Accountability, Responsibility and Disclosure Act which was issued by the U.S. Federal Reserve Board on June 15, 2010.

  • Supreme Court lets swipe fee ruling stand.  // Chain Drug Review;2/2/2015, Vol. 37 Issue 3, p5 

    The article reports that nation's largest retailers showing frustration over the rules by the U.S. Federal Reserve for "swipe fees" assessed on credit card and debit card transactions.

  • Fed's Decision On Card Fees Could Hurt CUs. Birch, Ray // Credit Union Journal;5/31/2010, Vol. 14 Issue 22, p11 

    The article reports on the impact of the U.S. Federal Reserve Board's decision on credit card penalty fees on credit unions (CUs).

  • REGULATORY ROUNDUP.  // American Banker;6/14/2007, Vol. 172 Issue 114, p4 

    The article presents new briefs for banks and the banking industry. The U.S. Federal Reserve Board has developed a proposal to make fees clearer and improve consumer protection within the credit card industry. The U.S. Supreme Court ruled that under the Fair Credit Reporting Act, insurance...

  • Federal Reserve Proposes Rule to Clarify New Credit Card Protections.  // Financial Update;Oct-Dec2010, Vol. 23 Issue 4, p4 

    The article offers information on the rules proposed by the U.S. Federal Reserve Board related to credit card legislation. It mentions that the new rule will improve consumer protection as the card issuers will be banned from canceling consumers' promotional interest rates during the period...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics