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National Bank of Serbia publishes draft law on interchange fees
  • Kinstellar
  • Serbia
  • May 30 2017

The draft Law on Interchange Fees and Special Rules of Business for Payment Transactions on the Basis of the Payment Cards (“Draft IF Law”) is based


CFPB Initiates Third CARD Act Review
  • Morrison & Foerster LLP
  • USA
  • March 15 2017

On March 10, 2017, the Consumer Financial Protection Bureau (CFPB or Bureau) published a Request for Information (2017 RFI) regarding the consumer


Government response to Senate Committee's report on credit cards - consultation closes soon
  • Clayton Utz
  • Australia
  • May 12 2016

The Government is looking at a two-phase process focused on legislative protection of vulnerable consumers, competitive pressure on credit card


Consumer Financial Protection Bureau Publishes Proposed Rule Precluding Class Action Waivers in Arbitration Clauses
  • Pierce Atwood LLP
  • USA
  • May 5 2016

As we reported last year, in October 2015 the Consumer Financial Protection Bureau published an outline of proposals that would limit the use of


CFPB Issues Annual Report on Consumer Complaints: What the Mortgage Industry Should Know
  • Smith Debnam Narron Drake Saintsing & Myers LLP
  • USA
  • April 20 2016

Since it opened its doors in 2011, the CFPB has accepted consumer complaints on a variety of consumer products. Beginning with credit card complaints


CFPB Issues Annual Report on Consumer Complaints: What Debt Collectors Should Know
  • Smith Debnam Narron Drake Saintsing & Myers LLP
  • USA
  • April 19 2016

Since it opened its doors in 2011, the CFPB has accepted consumer complaints on a variety of consumer products. Beginning with credit card complaints


Madden 2016: U.S. Supreme Court Calls for the Views of the Solicitor General in Case with Significant Implications for the Consumer Debt Market
  • Jones Day
  • USA
  • March 22 2016

On March 21, 2016, the U.S. Supreme Court announced that it has called for the views of the Solicitor General in connection with the certiorari


CARD Act Report Summary
  • Davis Wright Tremaine LLP
  • USA
  • December 23 2015

The CFPB recently issued its 2015 CARD Act report on the consumer credit card market (the "Report"). The Report cites a significant amount of data


FCA reports on credit card market
  • Dentons
  • United Kingdom
  • November 6 2015

FCA has published the interim findings from its market study on the credit card sector. FCA finds that, in most of the market, competition is working


Hefty fine against major bank reminds companies offering add-on products that the CFPB is watching
  • Bryan Cave LLP
  • USA
  • October 15 2015

The CFPB has issued another enforcement action exceeding the half-billion dollar mark against a large bank for its add-on product offerings. Citibank