Credit Card Penalty Fees (Regulation Z)
The Bureau proposes to amend Regulation Z to better ensure that the late fees charged on credit card accounts are “reasonable and proportional.” to the late payment.
Rules under development
Before issuing a final rule, the CFPB generally announces and explains its proposals to address an issue and invites public comment.
You can find all notices requesting public comment on our comprehensive “Notice and Opportunities for Comment” page.
Types of rules listed on this page
Proposed Rule
A proposed rule announces and explains the Bureau’s proposal to address an issue and invites the public to comment. The proposed rule and the public comments received on it form the basis of the final rule.
Advanced Notice of Proposed Rulemaking
An optional early step in CFPB rulemaking. Used to get initial public input on certain key aspects of potential rulemakings.
Regarding Credit Card Late Fees and Late Payments
The CFPB is seeking information on credit card late fees and late payments, and card issuers’ revenue and expenses.