Much like its very public inquiry into consumer arbitration announced back in April 2012, the CFPB announced today (12/19/12) that it intends to invite public comment on how, if at all, the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) has impacted  the daily lives of consumers.  Public comments are due 60 days after publication in the Federal Register.  Industry observers are already taking note of the CFPB’s strong interest in four areas: (1) the terms of credit card agreements and practices of credit card issuers; (2) the relative success of protections against unfair or deceptive acts or practices; (3) changes in the cost and availability of credit; and (4) the use of risk-based pricing,  Expect a report to Congress and, of course, a great deal of enforcement activity, when the work is collected and probed.