Comment for 1026.57 - Reporting and Marketing Rules for College Student Open-End Credit
Credit card accounts in connection with prepaid accounts.
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
Credit card accounts in connection with prepaid accounts.
Multiple agreements used for one private label credit card plan.
(8) Cardholder means a natural person to whom a credit card is issued for consumer credit purposes, or
The prepaid card can only access credit extended through a negative balance on the asset feature of the
When a creditor finances a loan along with a credit sale of health insurance, the creditor may disclose
A prepaid card is a hybrid prepaid-credit card with respect to a covered separate credit feature regardless
On the other hand, a transaction will be treated as “nonsale credit” for purposes of § 1026.8(b)
Amount of credit limit.
feature accessible by a hybrid prepaid-credit card.
With regard to a covered separate credit feature and an asset feature on a prepaid account that are both
from the non-covered separate credit feature.
(1) A creditor may not finance, directly or indirectly, any premiums or fees for credit insurance in
A card or device that can be activated upon receipt to access credit, even if the card has a substantive
Once one of the numerical tests is satisfied, the person is also a creditor for the other type of credit
Under § 1026.2(a)(7), with respect to a covered separate credit feature accessible by a hybrid prepaid-credit
Charge cards are credit cards where no periodic rate is used to compute the finance charge.
A credit union services 4,000 mortgage loans, all of which it originated or owns.
(7) Premiums or other charges for credit life, accident, health, or loss-of-income insurance, written
Communications about an existing credit account (for example, a promotion encouraging additional or different
Credit that can be accessed from a separate credit feature in the course of authorizing, settling, or
With regard to a covered separate credit feature and an asset feature on a prepaid account that are both
private label exception applies even if the same agreement is used for more than one private label credit
(4) Exception for decrease in credit limit.
(1) A reflection on or with a periodic statement of an extension of credit that is not made to the consumer
(B) An employee of a manufactured home retailer who does not take a consumer credit application, offer