[Federal Register Volume 87, Number 136 (Monday, July 18, 2022)]
[Proposed Rules]
[Page 42662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15245]


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Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

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Federal Register / Vol. 87, No. 136 / Monday, July 18, 2022 / 
Proposed Rules

[[Page 42662]]



BUREAU OF CONSUMER FINANCIAL PROTECTION

12 CFR Part 1026

[Docket No. CFPB-2022-0039]


Credit Card Late Fees and Late Payments

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Advance notice of proposed rulemaking; extension of comment 
period.

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SUMMARY: On June 22, 2022, the Consumer Financial Protection Bureau 
(Bureau or CFPB) issued an Advance Notice of Proposed Rulemaking (ANPR) 
requesting information regarding credit card late fees and late 
payments, and card issuers' revenue and expenses. The ANPR was 
published in the Federal Register on June 29, 2022, and provided for a 
comment period that was set to close on July 22, 2022. To allow 
interested persons more time to gather the requested information and 
submit their comments, the Bureau has determined that a 10-day 
extension of the comment period until August 1, 2022, is appropriate.

DATES: The end of the comment period for the Credit Card Late Fees and 
Late Payments ANPR published on June 29, 2022, at 87 FR 38679, is 
extended from July 22, 2022, until August 1, 2022.

ADDRESSES: You may submit responsive information and other comments, 
identified by Docket No. CFPB-2022-0039, by any of the following 
methods:
    1. Federal eRulemaking Portal: https://www.regulations.gov. Follow 
the instructions for submitting comments.
    2. Email: <a href="/cdn-cgi/l/email-protection#91a3a1a3a3bcd2e3f4f5f8e5d2f0e3f5ddf0e5f4d7f4f4d0dfc1c3d1f2f7e1f3bff6fee7"><span class="__cf_email__" data-cfemail="5b696b69697618293e3f322f183a293f173a2f3e1d3e3e1a150b091b383d2b39753c342d">[email protected]</span></a>. Include Docket No. 
CFPB-2022-0039 in the subject line of the message.
    3. Mail/Hand Delivery/Courier: Comment Intake--Credit Card Late 
Fees, Consumer Financial Protection Bureau, 1700 G Street NW, 
Washington, DC 20552. Please note that due to circumstances associated 
with the COVID-19 pandemic, the Bureau discourages the submission of 
comments by hand delivery, mail, or courier.
    Instructions: The Bureau encourages the early submission of 
comments. All submissions must include the document title and docket 
number. Because paper mail in the Washington, DC area and at the Bureau 
is subject to delay, commenters are encouraged to submit comments 
electronically. In general, all comments received will be posted 
without change to https://www.regulations.gov. In addition, once the 
Bureau's headquarters reopens, comments will be available for public 
inspection and copying at 1700 G Street NW, Washington, DC 20552, on 
official business days between the hours of 10 a.m. and 5 p.m. Eastern 
time. At that time, you can make an appointment to inspect the 
documents by telephoning 202-435-7275.
    All submissions in response to this notice, including attachments 
and other supporting materials, will become part of the public record 
and subject to public disclosure. Proprietary information or sensitive 
personal information, such as account numbers or Social Security 
numbers, or names of other individuals, should not be included. 
Submissions will not be edited to remove any identifying or contact 
information.
    If you wish to submit trade secret or confidential commercial 
information, please contact the individuals listed in the FOR FURTHER 
INFORMATION CONTACT section below. Information that the submitter 
customarily and actually keeps private will be treated as confidential 
in accordance with the Bureau's Rule on the Disclosure of Records and 
Information, 12 CFR part 1070.

FOR FURTHER INFORMATION CONTACT: Adrien Fernandez, Counsel, Krista 
Ayoub and Steve Wrone, Senior Counsels, Office of Regulations, at 202-
435-7700. If you require this document in an alternative electronic 
format, please contact <a href="/cdn-cgi/l/email-protection#9eddd8cedcc1dffdfdfbededf7fcf7f2f7eae7defdf8eefcb0f9f1e8"><span class="__cf_email__" data-cfemail="e6a5a0b6a4b9a785858395958f848f8a8f929fa685809684c8818990">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION: On June 22, 2022, the Bureau issued an ANPR 
requesting information regarding credit card late fees and late 
payments, and card issuers' revenue and expenses. The ANPR was 
published in the Federal Register on June 29, 2022.
    The ANPR provided a comment period that was set to close on July 
22, 2022. The Bureau has since received requests from several card 
issuer trade groups for an extension of the comment period in order to 
give card issuers more time to gather, validate, and analyze the 
requested information. The Bureau has determined that an extension of 
the ANPR comment period to August 1, 2022, is appropriate. This 
extension will allow card issuers, consumer groups, and the public more 
time to pull together the requested information for submission. The 
ANPR comment period will now close on August 1, 2022.

Dani Zylberberg,
Counsel and Federal Register Liaison, Consumer Financial Protection 
Bureau.
[FR Doc. 2022-15245 Filed 7-15-22; 8:45 am]
BILLING CODE 4810-AM-P


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