The CFPB Amends Regulation Z's Credit Card Issuer Ability-to-Pay Requirements

摘要

The Credit Card Accountability Responsibility and Disclosure Act of 2009 ("CARD Act") included provisions designed to protect younger consumers. This survey examines recent amendments by the Bureau of Consumer Financial Protection ("CFPB") to Regulation Z's ability-to-pay requirements, which implemented the CARD Act's protections for younger consumers.