Date: May 18, 2015

Issue: CFPB

To: Ms. Monica Jackson, Office of the Executive Secretary, Consumer Financial Protection Bureau 

Filing Type: Regulatory 

Description: The Bureau should support the continued safe use of credit cards by Americanconsumers. To that end, we write to emphasize five points:

  • The Bureau should maintain clear rules of the road in the credit card market.
  • Rationing credit card credit will not protect consumers.
  • The Bureau must be transparent to consumers and to Congress with respect to the information it gathers and publishes regarding credit cards.
  • The Bureau should respect the clear limits on its authority regarding credit cards.
  • The Bureau should recognize the authority and expertise of other agencies and avoid duplicative regulatory action.

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