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.