Comment for 1026.56 - Requirements for Over-the-Limit Transactions
1026.56(j)(3) prohibits a card issuer from conditioning or otherwise tying the amount of a consumer's credit
- 1026 (Regulation Z)
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1026.56(j)(3) prohibits a card issuer from conditioning or otherwise tying the amount of a consumer's credit
The credit card agreements that the card issuer offered to the public as of the last business day of
Any credit card agreement previously submitted to the Bureau that was amended since the last business
, § 1026.58(c)(1) permits a card issuer to submit to the Bureau a complete, updated set of the credit
disclosures required by § 1026.39(d)(5) apply only to a mortgage loan that is a closed-end consumer credit
Assume that the credit limit for an account is $1,000 and that, consistent with § 1026.56, the consumer
for one or more events specified in the account agreement, such as a late payment or an extension of credit
For a credit card account under an open-end (not home-secured) consumer credit plan, if the rate increase
Notwithstanding § 1026.10(b), payments on a credit card account under an open-end (not home-secured
If an advertisement is for credit not secured by a dwelling, the advertisement shall not state any other
For example, if a credit card network imposes a 1 percent fee on the card issuer, but the card issuer
menu of options given to the consumer, such as “Press or say ‘3’ if you would like information about credit
The projected total cost of credit should not reflect contingent payments in which a credit to the outstanding
closing not otherwise disclosed under § 1026.38(f), (g), and (j) will not have a corresponding credit
If § 1026.56(j)(1) permits a card issuer to impose fees for exceeding the credit limit in consecutive
The requirement to provide access to credit card agreements under § 1026.58(e) applies to all open
(1) In general, this part applies to each individual or business that offers or extends credit, other
begin to accrue, including an explanation of whether or not any time period exists within which any credit
1026.10, but accepts a payment that does not conform to the requirements, the creditor shall credit
(2) A refinancing or consolidation by the same creditor of an extension of credit already secured by
, and State SAFE Act implementing law before the individual acts as a loan originator in a consumer credit
creditor to reduce the interest rate shall be itemized separately, as both a percentage of the amount of credit
interest that the consumer will pay over the life of the loan, expressed as a percentage of the amount of credit
and a statement that consumers may obtain on the Web site information about shopping for and using credit
Section 1026.2(a)(17)(iv) includes as creditors card issuers extending closed-end credit in which there