The Consumer Financial Protection Bureau (CFPB) announced this week that it is seeking public comment on how the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) has impacted consumers’ daily lives and the behavior of the credit card market, according to a press release from the CFPB. The bureau is specifically requesting comment on the following:

  • How the terms and conditions of credit card agreements have changed and how the practices of credit card issuers regarding disclosures of rates and fees have changed and affected consumers
  • The success of protections against unfair or deceptive acts or practices and whether issuers have circumvented or tried to circumvent these protections
  • Changes in the cost and availability of credit
  • The use of risk-based pricing in the credit market

For more, read the full press release.