This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

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new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

21153 

Vol. 80, No. 74 

Friday, April 17, 2015 

1Section 1026.58 uses the terms card issuer (or 

issuer) and credit card agreement (or agreement) in 

lieu of the terms creditor and open-end consumer 

credit card plan, respectively, that are used in 

section 122(d) of TILA. 

2 80 FR 10417 (Feb. 26, 2015). 

3Public Law 111–24, 123 Stat. 1734 (2009). 

MERIT SYSTEMS PROTECTION 

BOARD 

5 CFR Part 1201 

Practices and Procedures 

AGENCY: Merit Systems Protection 

Board. 

ACTION: Final rule. 

SUMMARY: The Merit Systems Protection 

Board (MSPB or the Board) hereby 

amends its rules of practice and 

procedure in order to correct a minor 

drafting error in the Board’s regulations. 

DATES: Effective April 17, 2015. 

FOR FURTHER INFORMATION CONTACT: 

William D. Spencer, Clerk of the Board, 

Merit Systems Protection Board, 1615 M 

Street NW., Washington, DC 20419; 

phone: (202) 653–7200; fax: (202) 653– 

7130; or email: mspb@mspb.gov. 

SUPPLEMENTARY INFORMATION: On 

October 12, 2012, the MSPB published 

a final rule that made numerous 

amendments to its regulations. 77 FR 

62350. In making these amendments, 

the MSPB inadvertently repeated the 

language of 5 CFR 1201.183(c)(2) in 5 

CFR 1201.183(c)(3). Accordingly, the 

Board now removes 5 CFR 

1201.183(c)(3) as unnecessary and 

duplicative. 

This amendment removing 5 CFR 

1201.183(c)(3) corrects a minor drafting 

error and makes no substantive change 

to the MSPB’s regulations. As a result, 

the Board finds good cause to forego 

notice and comment rulemaking and to 

make this final rule effective upon 

publication. 

List of Subjects in 5 CFR Part 1201 

Administrative practice and 

procedure. 

Accordingly, for the reasons set forth 

in the preamble, the Board amends 5 

CFR part 1201 as follows: 

PART 1201—PRACTICES AND 

PROCEDURES 

■ 1. The authority citation for 5 CFR 

part 1201 continues to read as follows: 

Authority: 5 U.S.C. 1204, 1305, and 7701, 

and 38 U.S.C. 4331, unless otherwise noted. 

§ 1201.183 [Amended] 

■ 2. Amend § 1201.183 by removing 

paragraph (c)(3). 

William D. Spencer, 

Clerk of the Board. 

[FR Doc. 2015–08880 Filed 4–16–15; 8:45 am] 

BILLING CODE 7400–01–P 

BUREAU OF CONSUMER FINANCIAL 

PROTECTION 

12 CFR Part 1026 

[Docket No. CFPB–2015–0006] 

RIN 3170–AA50 

Submission of Credit Card Agreements 

Under the Truth in Lending Act 

(Regulation Z) 

AGENCY: Bureau of Consumer Financial 

Protection. 

ACTION: Final rule. 

SUMMARY: The Bureau of Consumer 

Financial Protection (Bureau) is 

amending Regulation Z, which 

implements the Truth in Lending Act, 

and the official interpretation to that 

regulation, to temporarily suspend card 

issuers’ obligations to submit credit card 

agreements to the Bureau for a period of 

one year (i.e., four quarterly 

submissions), in order to reduce burden 

while the Bureau works to develop a 

more streamlined and automated 

electronic submission system. Other 

requirements, including card issuers’ 

obligations to post currently-offered 

agreements on their own Web sites, 

remain unaffected. 

DATES: This final rule is effective on 

April 17, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Thomas L. Devlin, Counsel, or Kristine 

M. Andreassen, Senior Counsel, Office 

of Regulations, at (202) 435–7700. 

SUPPLEMENTARY INFORMATION: 

I. Summary of the Rule 

The Truth in Lending Act (TILA), in 

section 122(d), requires creditors to post 

agreements for open-end consumer 

credit card plans on the creditors’ Web 

sites and to submit those agreements to 

the Bureau. 15 U.S.C. 1632(d). These 

provisions are implemented in 

§ 1026.58 of Regulation Z.1 12 CFR 

1026.58. The Bureau is finalizing 

amendments that it proposed in 

February 2015 2 to suspend temporarily 

the requirement in § 1026.58(c) that card 

issuers submit credit card agreements to 

the Bureau for a period of one year (i.e., 

four quarterly submissions), in order to 

reduce burden while the Bureau works 

to develop a more streamlined and 

automated electronic submission 

system. Specifically, the Bureau is 

suspending the submissions that would 

otherwise have been due to the Bureau 

by the first business day on or after 

April 30, 2015; July 31, 2015; October 

31, 2015; and January 31, 2016. 

Beginning with the submission due on 

the first business day on or after April 

30, 2016, card issuers shall resume 

submitting credit card agreements on a 

quarterly basis to the Bureau. The 

Bureau expects to consult with 

interested stakeholders before that date 

regarding resumption of the submission 

requirements and technical 

specifications for the new system. Other 

requirements under § 1026.58, including 

card issuers’ obligations to post 

currently-offered agreements on their 

own Web sites under § 1026.58(d), 

remain unaffected. 

II. Background 

A. The Statute and Regulation 

In 2009, Congress enhanced 

protections for credit cards in the Credit 

Card Accountability Responsibility and 

Disclosure Act (CARD Act), which it 

enacted to ‘‘establish fair and 

transparent practices related to the 

extension of credit’’ in the credit card 

market.3 The Board of Governors of the 

Federal Reserve System (Board) 

generally implemented the CARD Act’s 

provisions in subpart G of Regulation Z. 

Section 204 of the CARD Act added new 

TILA section 122(d) to require creditors 

to post agreements for open-end 

consumer credit card plans on the 


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