This story appeared in Bank Digest.
The CFPB has issued a notice announcing an extension of the comment deadline for a previously issued request for information. The CFPB had published a Request for Information in the Federal Register on March 19, 2015, soliciting from the public comments on a number of aspects of the consumer credit card market in connection with a review it was conducting under the Credit Card Accountability Responsibility and Disclosure Act of 2009. The request for information provided a 60-day comment period that will end on May 18, 2015.
To allow interested persons additional time to consider and submit their responses, the CFPB is extending the comment period on four of the specific areas of interest noted in the original request for information--online disclosures, grace periods, add-on products, and debt collection—until June 17, 2015. The deadline for responses on all other areas remains unchanged.