Bulletin re: marketing of credit card promotional APR offers
The Consumer Financial Protection Bureau (CFPB or Bureau) is issuing this Bulletin
to inform credit card issuers of the risk of engaging in deceptive and/or abusive acts
and practices1 in connection with solicitations that offer a promotional annual
percentage rate (APR) on a particular transaction over a defined period of time.
These transactions include, but are not limited to, convenience checks, deferred
interest/promotional interest rate purchases, and balance transfers.
CFPB Bulletin 2014-02