[Federal Register Volume 80, Number 92 (Wednesday, May 13, 2015)]
[Notices]
[Pages 27294-27295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-11496]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2015-0007]


Partial Extension of Comment Deadline on CARD Act Request for 
Information

AGENCY: Bureau of Consumer Financial Protection.

[[Page 27295]]


ACTION: Notice; extension of comment period.

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SUMMARY: Section 502(a) of the Credit Card Accountability 
Responsibility and Disclosure Act of 2009 (CARD Act or Act) requires 
the Bureau of Consumer Financial Protection (Bureau or CFPB) to conduct 
a review (Review) of the consumer credit card market, within the limits 
of its existing resources available for reporting purposes. In 
connection with conducting that Review, and in accordance with Section 
502(b) of the CARD Act, the Bureau published a Request for Information 
in the Federal Register on March 19, 2015, soliciting from the public 
comment on a number of aspects of the consumer credit card market. The 
Request for Information provided a 60-day comment period that will end 
on May 18, 2015. To allow interested persons additional time to 
consider and submit their responses, the Bureau has determined that an 
extension of the comment period on four of the specific areas of 
interest noted in the original Request for Information--online 
disclosures, grace periods, add-on products, and debt collection--until 
June 17, 2015, is appropriate.

DATES: The comment period for the Request for Information Regarding 
Credit Card Market, published March 19, 2015, at 80 FR 14365, is 
extended with respect to four areas of interest. Responses on those 
areas of interest specifically extended must now be received on or 
before June 17, 2015; the deadline for responses on all other areas 
remains unchanged.

ADDRESSES: You may submit comments, identified by Docket No. CFPB-2015-
0007, by any of the following methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Monica Jackson, Office of the Executive Secretary, 
Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC 
20552.
     Hand Delivery/Courier: Monica Jackson, Office of the 
Executive Secretary, Consumer Financial Protection Bureau, 1275 First 
Street NE., Washington, DC 20002.
    Instructions: All submissions should include the agency name and 
docket number for this proposal. Because paper mail in the Washington, 
DC area and at the Bureau is subject to delay, commenters are 
encouraged to submit comments electronically. In general, all comments 
received will be posted without change to http://www.regulations.gov. 
In addition, comments will be available for public inspection and 
copying at 1275 First Street NE., Washington, DC 20002, on official 
business days between the hours of 10 a.m. and 5 p.m. eastern standard 
time. You can make an appointment to inspect the documents by 
telephoning (202) 435-7275.
    All comments, including attachments and other supporting materials, 
will become part of the public record and subject to public disclosure. 
Sensitive personal information, such as account numbers or social 
security numbers, should not be included. Comments generally will not 
be edited to remove any identifying or contact information.

FOR FURTHER INFORMATION CONTACT: For general inquiries, submission 
process questions, or any additional information, please contact Monica 
Jackson, Office of the Executive Secretary, 202-435-7275.

SUPPLEMENTARY INFORMATION: On March 19, 2015, the Bureau published the 
Request for Information in the Federal Register, 80 FR 14365. The 
Request for Information seeks comment, data, and information from the 
public on the state of the credit card market, both generally and 
specifically to 12 issues and areas specifically identified by the 
Bureau.
    Since publication, the Bureau has received multiple requests for 
extension of the comment deadline. While the Bureau believes the 
initial deadline should provide sufficient time for the public to 
comment on these matters, it wants to ensure that all interested 
parties are able to provide information and insight to the Bureau as it 
seeks greater understanding of the credit card market.
    The Bureau wants to balance interested parties' desire to have 
additional time to consider the issues raised in the Request for 
Information, gather data, and prepare their responses, with the need to 
proceed expeditiously to consider comments. By extending the comment 
period for certain issues, the Bureau believes that it is effectively 
striking that balance. The Bureau believes that a 30-day extension on 
four of the twelve issues raised in the Request for Information--online 
disclosures, grace periods, add-on products, and debt collection--is 
appropriate, as these questions focus on particular areas of potential 
policy concern and may require additional time to respond. The comment 
period for those four issues will therefore close on June 17, 2015; the 
deadline for comments on all other areas and issues remains unchanged.

    Dated: May 5, 2015.
Christopher A. D'Angelo,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2015-11496 Filed 5-12-15; 8:45 am]
 BILLING CODE 4810-AM-P