CFPB Amends Regulation Z to Revise Credit Card Fee Limits in Response to Federal Court Ruling

Author(s): Federal Reserve Bank of San Francisco

On March 22, 2013, the Consumer Financial Protection Bureau (CFPB) finalized a revision to a 2011 rule that the Federal Reserve Board had issued on credit card fees. The final rule is in response to a federal court ruling last year that had granted a preliminary injunction to block a part of the 2011 rule from taking effect.