Comment for 1026.61 - Hybrid Prepaid-Credit Cards
a)(5)(iii)(D)(4), the prepaid account issuer must apply the same fees to load funds from the credit card
- 1026 (Regulation Z)
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a)(5)(iii)(D)(4), the prepaid account issuer must apply the same fees to load funds from the credit card
Whether the card issuer implemented the substitution or replacement on an individualized basis (such
Requesting information regarding the cardholder's knowledge of the person who allegedly used the card
Any fee imposed by a card issuer based on the closure or termination of an account.
A credit card account is replaced or substituted with a line of credit that can be accessed solely by
The card issuer initiates the contact and at the same time takes application information in person.
For purposes of § 1026.61(a)(5)(iii)(D), “specified terms and conditions” on a credit card account
the initial rate is an introductory rate, as that term is defined in § 1026.16(g)(2)(ii), the card
example, assume a consumer has incurred $125 in fees for the calendar year to date for a retail credit card
address of a retail location or procedures for handling cardholder payments at a retail location, a card
Nothing in § 1026.55 prohibits a card issuer from changing a variable annual percentage rate to
For a prepaid card to be a hybrid prepaid-credit card under § 1026.61(a)(2)(i) with respect to a
Under § 1026.61(a)(2)(i), a prepaid card is a hybrid prepaid-credit card when the card can be used
The prepaid account issuer is not a card issuer under § 1026.2(a)(7) with respect to the prepaid
the consumer’s prepaid account depending on whether the consumer has authorized linking the prepaid card
Section 1026.7(b)(12)(iv)(A) requires card issuers to provide information regarding at least three organizations
A card issuer changes the mailing address for receiving payments by mail from one post office box number
Section 1026.53 permits a card issuer to allocate an amount paid by the consumer in excess of the required
If a card issuer deceases an annual percentage rate or a fee or charge subject to § 1026.55 pursuant
included in the variable terms addendum include a clause that is required by law to be included in credit card
Accordingly, if a card issuer acquires accounts on which a rate increase was imposed between January
Under § 1026.61(a)(1), except as provided in § 1026.61(a)(4), a prepaid card is a hybrid prepaid-credit
Except as provided in paragraph (b)(2) of this section, a card issuer may impose a fee for violating
A card issuer must not impose a fee for violating the terms or other requirements of a credit card account
For example, a card issuer that offers a preferential annual percentage rate to employees during their