Comment on CFPB-2012-0015-0001

Document ID: CFPB-2012-0015-0010
Document Type: Public Submission
Agency: Consumer Financial Protection Bureau
Received Date: April 14 2012, at 12:00 AM Eastern Daylight Time
Date Posted: April 17 2012, at 12:00 AM Eastern Standard Time
Comment Start Date: April 12 2012, at 12:00 AM Eastern Standard Time
Comment Due Date: June 11 2012, at 11:59 PM Eastern Standard Time
Tracking Number: 80ff0d85
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This is comment on Proposed Rule

Truth in Lending (Regulation Z)

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The Consumer Financial Protection Bureau, which was created as part of the 2010 Dodd-Frank financial reform legislation, inherited responsibility for regulating credit card fees which was previously regulated by the Federal Reserve Board. As such the CFPB should fight on behalf of consumers to regulate credit application fees. The CFPB should aggressively appeal the recent ruling limiting their ability to institute a cap on credit card filing fees.