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[Federal Register Volume 89, Number 249 (Monday, December 30, 2024)]
[Notices]
[Pages 106446-106447]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-31229]

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CONSUMER FINANCIAL PROTECTION BUREAU

Open Call for Credit Card Price and Availability Data From Credit 
Card Issuers

AGENCY: Consumer Financial Protection Bureau.

ACTION: Open call for credit card price and availability data from 
credit card issuers.

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SUMMARY: The Consumer Financial Protection Bureau (CFPB) is publishing 
this notice to advise credit card issuers

[[Page 106447]]

that they may voluntarily submit credit card price and availability 
data through the CFPB's Terms of Credit Card Plans (TCCP) Survey.

FOR FURTHER INFORMATION CONTACT: Sarah Schwartzberg, Office of Markets, 
at 202-435-7000 or [email protected]. If you require this 
document in an alternative electronic format, please contact 
[email protected].

SUPPLEMENTARY INFORMATION: When shopping online or in a brick-and-
mortar store, people like to weigh the costs and benefits of different 
products before they make a purchase, but this can be a challenge for 
consumers seeking to compare interest rates across credit cards.\1\ The 
lack of transparency in credit card terms and conditions is not new. In 
1988, Congress passed the Fair Credit and Charge Card Disclosure Act to 
provide for a more detailed and uniform disclosure of credit card rates 
and fees by issuers.
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    \1\ Consumer Fin. Prot. Bureau, Examining the factors driving 
high credit card interest rates (Aug. 12, 2022), https://www.consumerfinance.gov/about-us/blog/examining-the-factors-driving-high-credit-card-interest-rates/.
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    Twice per year, at least 150 credit card issuers submit information 
to the CFPB on their largest credit card plans, including interest 
rates and fees, through our TCCP Survey.\2\ This notice is part of our 
efforts to invite a broader range of credit card issuers to contribute 
information on their credit card offerings to this data set. Our goal 
is to spur competition and give Americans the power to shop around and 
choose the best credit card for their needs. This open call is just one 
step in our plan to update the TCCP Survey to make it a more useful 
resource on credit card price and availability for consumers.
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    \2\ Consumer Fin. Prot. Bureau, Terms of Credit Card Plans 
(TCCP) survey, https://www.consumerfinance.gov/data-research/credit-card-data/terms-credit-card-plans-survey/.
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    Credit card issuers are invited to voluntarily contribute credit 
card price and availability data. Get started now: https://www.consumerfinance.gov/data-research/credit-card-data/terms-credit-card-plans-survey/.

Rohit Chopra,
Director, Consumer Financial Protection Bureau.
[FR Doc. 2024-31229 Filed 12-27-24; 8:45 am]
BILLING CODE 4810-AM-P
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