Date: May 18, 2015
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.