Credit Card Penalty Fees (Regulation Z)

Activity

Credit Union National Association filed 1 comment on this docket between May 4, 2023 and May 4, 2023. 35 other organizations filed here. The comment window closed 1182d ago.

What Credit Union National Association filed (1)

Abstract

The Consumer Financial Protection Bureau (Bureau) proposes to amend Regulation Z, which implements the Truth in Lending Act (TILA), to better ensure that the late fees charged on credit card accounts are “reasonable and proportional” to the late payment as required under TILA. The proposal would adjust the safe harbor dollar amount for late fees to $8 and eliminate a higher safe harbor dollar amount for late fees for subsequent violations of the same type; provide that the current provision that provides for annual inflation adjustments for the safe harbor dollar amounts would not apply to the late fee safe harbor amount; and provide that late fee amounts must not exceed 25 percent of the required payment. For more information about commenting on CFPB’s Notices, please visit us at: https://www.consumerfinance.gov/rules-policy/notice-opportunities-comment/commenting-on-notices/

• Credit Union National AssociationTHIS ORG

  1 filing · confidence 97%
• Ashley Counciltrade assoc.

  2 filings · confidence 85%
• First National Bankunverified attribution

  2 filings · confidence 70%
• Minnesota Credit Union Networkunverified attribution

  2 filings · confidence 70%
• and 60 Plus Associationtrade assoc.

  1 filing · confidence 85%
• Broadview Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• California and Nevada Credit Union Leaguesunverified attribution

  1 filing · confidence 70%
• Centra Credit Unionunverified attribution

  1 filing · confidence 70%
• Coastal Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• Community Bankers Association of Illinoistrade assoc.

  1 filing · confidence 85%
• Cooperative Credit Union Associationtrade assoc.

  1 filing · confidence 97%
• Cornerstone Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• Credit Human Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• CrossState Credit Union Associationtrade assoc.

  1 filing · confidence 85%
• Dakota Credit Union Associationtrade assoc.

  1 filing · confidence 85%
• First Technology Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• GoWest Credit Union Trade Associationtrade assoc.

  1 filing · confidence 85%
• IH Mississippi Valley Credit Unionunverified attribution

  1 filing · confidence 70%
• Illinois Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• Indiana Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• Iowa Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• League of Southeastern Credit Unionstrade assoc.

  1 filing · confidence 85%
• Michigan Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• Missouri Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Mountain America Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• National Association of Federally-Insured Credit Unionstrade assoc.

  1 filing · confidence 85%
• Ohio Credit Union Leaguetrade assoc.

  1 filing · confidence 97%
• Randolph-Brooks Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• SchoolsFirst Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• Sun East Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• The Wisconsin Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• Tinker Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• U.S. Chamber of Commerce

  1 filing · confidence 97%
• United States Senate Committee on Bankingtrade assoc.

  1 filing · confidence 85%
• Veridian Credit Unionunverified attribution

  1 filing · confidence 70%
• Virginia Credit Union Leaguetrade assoc.

  1 filing · confidence 85%