Comment for 1026.52 - Limitations on Fees
On July 24, the card issuer receives the $100 required minimum periodic payment due on July 25, reducing
- 1026 (Regulation Z)
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On July 24, the card issuer receives the $100 required minimum periodic payment due on July 25, reducing
Section 1026.55(b)(4) permits the card issuer to apply the 28% penalty rate to the $1,500 purchase balance
Assume that a card issuer discloses at account opening on January 1 of year one that a non-variable annual
Assume that a card issuer discloses at account opening on January 1 of year one that a non-variable annual
consumer fails to make four consecutive monthly minimum payments totaling $480 on a consumer credit card
Section 1026.56(j)(4) prohibits a card issuer from imposing any over-the-limit fees or charges on a consumer's
Card issuers may not provide provisions of the agreement or pricing information in the form of change-in-terms
A transaction charge imposed by the card issuer for the use of the card for purchases includes any fee
State law requirements relating to the disclosure of credit information in any credit or charge card
first calculating the dollar amount of the transaction by using a currency conversion rate outside the card
A security deposit that is charged to a credit card account is a fee for purposes of § 1026.52(a
For purposes of § 1026.52(b), a fee includes any charge imposed by a card issuer based on an act
Same facts as above except that, on September 25, the card issuer receives a $10 payment.
Assume that a card issuer discloses at account opening on January 1 of year one that a non-variable annual
On December 15 of year one, the card issuer provides a notice pursuant to § 1026.9(c) informing
Therefore, on October 30, § 1026.55(b)(3) permits the card issuer to apply the 20% rate to new purchases
Section 1026.55(b)(4)(ii) provides that, if the card issuer receives six consecutive required minimum
an institution of higher education to publicly disclose any contract or other agreement made with a card
The card issuer, at its option, may disclose the possible rates that may apply as either specific rates
The prepaid card can only access credit extended through a negative balance on the asset feature of the
prepaid account program where a covered separate credit feature accessible by a hybrid prepaid-credit card
total cost estimate must be rounded either to the nearest whole dollar or to the nearest cent, at the card
At least annually, a card issuer must update the information provided pursuant to paragraph (b)(12)(iv
(A) The card issuer must not apply an annual percentage rate, fee, or charge to transactions that occurred
(C) The card issuer must not apply an annual percentage rate, fee, or charge to transactions that occurred