In particular, Section 122(d)(1) of TILA requires each creditor to publish its credit card agreements on its own website and Section 122(d)(2) requires the creditor to make its agreements available to the office (previously to the board of directors). Pursuant to section 122(d)(3) of TILA, the Bureau (ex-board) is required to install and maintain on its publicly accessible website a central memory of the agreements it receives in accordance with section 122(d)(2). The Commission transposed these provisions into 12 CFR 226.58. With the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the power to apply TILA to the office was increased to [4] and the office referred to this provision in Act Z of section 1026.58. [5] The Bureau adopted paragraph 1026.58(g) and the proposed commentary to that section in the proposed version. As noted above, none of the notices received refused the one-year temporary suspension and most of them supported the Bureau`s efforts to develop a more streamlined and efficient electronic filing system for credit card agreements. No comments addressed the specific language of the proposed regulatory text or commentary. After considering the comments received in response to the proposal, the Bureau considers that a one-year suspension is the best balance between fulfilling the Congressional mandate in TILA Section 122(d) and reducing the compliance burden on credit card issuers resulting from the manual filing system inherited from the Bureau, while the Office is developing a leaner and more automated electronic system. The deposit system works. This search method applies to all credit card agreements as of the last quarterly collection of CFPB credit card contracts. To access all agreements from recent or previous periods, please click on the contractual link below. (Please note that the Bureau has not received agreements for 2015. The January 2016 archive is a sample collected by Bureau staff from the publicly accessible websites of the largest credit card issuers during the first week of January 2016 and does not constitute a complete set of agreements).
Credit card issuers are generally required to publish on their websites the credit card agreements they offer to the public, with limited exceptions. If you are an exhibitor, email CardAgreements@consumerfinance.gov to receive instructions on how to submit agreements. The stored agreements contain general conditions of sale, prices and information on fees. You are not specific to a person`s account information. D. Notification of a credit card agreement previously submitted to the Office that the issuer resigns in accordance with the provisions of subsections 1026.58(c)(1)(iv) and (c)(4) to (7). The Bureau recognizes that its temporary suspension of the requirement for credit card issuers to transmit to the Bureau of Credit Card Agreements will temporarily reduce access by consumers, other outside parties and the office itself to a single memorandum of agreements that would have been submitted during this one-year period. . . .