Truth in Lending Act (TILA) and Regulation Z: Federal law requiring disclosure of credit terms and conditions, including interest rates and fees. Regulates billing practices and error resolution procedures.
Credit CARD Act of 2009: Federal legislation that restricts fee practices, requires clear payment term disclosure, sets rules for rate increases, and establishes requirements for billing statements.
Fair Credit Reporting Act (FCRA): Federal law governing credit reporting practices, dispute resolution procedures, and privacy/information sharing requirements.
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in credit transactions and ensuring fair treatment of credit applicants.
Electronic Funds Transfer Act (EFTA): Federal regulation of electronic payment processes and establishment of liability limits for unauthorized transactions.
State Usury Laws: State-specific laws regulating maximum interest rates and charges that can be applied to credit card accounts.
State Disclosure Requirements: State-specific rules regarding what information must be disclosed to credit card holders.
State Consumer Protection Laws: State-specific regulations designed to protect consumers from unfair or deceptive credit card practices.
CFPB Guidelines: Consumer Financial Protection Bureau guidelines governing credit card issuance and administration.
Federal Reserve Board Regulations: Banking regulations that affect credit card operations and compliance requirements.
Bank Secrecy and Anti-Money Laundering Requirements: Federal regulations requiring financial institutions to help government agencies detect and prevent money laundering through credit card accounts.
