[Federal Register Volume 87, Number 136 (Monday, July 18, 2022)]
[Proposed Rules]
[Page 42662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15245]
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Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 87, No. 136 / Monday, July 18, 2022 /
Proposed Rules
[[Page 42662]]
BUREAU OF CONSUMER FINANCIAL PROTECTION
12 CFR Part 1026
[Docket No. CFPB-2022-0039]
Credit Card Late Fees and Late Payments
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Advance notice of proposed rulemaking; extension of comment
period.
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SUMMARY: On June 22, 2022, the Consumer Financial Protection Bureau
(Bureau or CFPB) issued an Advance Notice of Proposed Rulemaking (ANPR)
requesting information regarding credit card late fees and late
payments, and card issuers' revenue and expenses. The ANPR was
published in the Federal Register on June 29, 2022, and provided for a
comment period that was set to close on July 22, 2022. To allow
interested persons more time to gather the requested information and
submit their comments, the Bureau has determined that a 10-day
extension of the comment period until August 1, 2022, is appropriate.
DATES: The end of the comment period for the Credit Card Late Fees and
Late Payments ANPR published on June 29, 2022, at 87 FR 38679, is
extended from July 22, 2022, until August 1, 2022.
ADDRESSES: You may submit responsive information and other comments,
identified by Docket No. CFPB-2022-0039, by any of the following
methods:
1. Federal eRulemaking Portal: https://www.regulations.gov. Follow
the instructions for submitting comments.
2. Email: [email protected]. Include Docket No.
CFPB-2022-0039 in the subject line of the message.
3. Mail/Hand Delivery/Courier: Comment Intake--Credit Card Late
Fees, Consumer Financial Protection Bureau, 1700 G Street NW,
Washington, DC 20552. Please note that due to circumstances associated
with the COVID-19 pandemic, the Bureau discourages the submission of
comments by hand delivery, mail, or courier.
Instructions: The Bureau encourages the early submission of
comments. All submissions must include the document title and docket
number. 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 https://www.regulations.gov. In addition, once the
Bureau's headquarters reopens, comments will be available for public
inspection and copying at 1700 G Street NW, Washington, DC 20552, on
official business days between the hours of 10 a.m. and 5 p.m. Eastern
time. At that time, you can make an appointment to inspect the
documents by telephoning 202-435-7275.
All submissions in response to this notice, including attachments
and other supporting materials, will become part of the public record
and subject to public disclosure. Proprietary information or sensitive
personal information, such as account numbers or Social Security
numbers, or names of other individuals, should not be included.
Submissions will not be edited to remove any identifying or contact
information.
If you wish to submit trade secret or confidential commercial
information, please contact the individuals listed in the FOR FURTHER
INFORMATION CONTACT section below. Information that the submitter
customarily and actually keeps private will be treated as confidential
in accordance with the Bureau's Rule on the Disclosure of Records and
Information, 12 CFR part 1070.
FOR FURTHER INFORMATION CONTACT: Adrien Fernandez, Counsel, Krista
Ayoub and Steve Wrone, Senior Counsels, Office of Regulations, at 202-
435-7700. If you require this document in an alternative electronic
format, please contact [email protected].
SUPPLEMENTARY INFORMATION: On June 22, 2022, the Bureau issued an ANPR
requesting information regarding credit card late fees and late
payments, and card issuers' revenue and expenses. The ANPR was
published in the Federal Register on June 29, 2022.
The ANPR provided a comment period that was set to close on July
22, 2022. The Bureau has since received requests from several card
issuer trade groups for an extension of the comment period in order to
give card issuers more time to gather, validate, and analyze the
requested information. The Bureau has determined that an extension of
the ANPR comment period to August 1, 2022, is appropriate. This
extension will allow card issuers, consumer groups, and the public more
time to pull together the requested information for submission. The
ANPR comment period will now close on August 1, 2022.
Dani Zylberberg,
Counsel and Federal Register Liaison, Consumer Financial Protection
Bureau.
[FR Doc. 2022-15245 Filed 7-15-22; 8:45 am]
BILLING CODE 4810-AM-P