CFPB issues credit card data-submission specifications

The Consumer Financial Protection Bureau issued new technical specifications for complying with credit card agreement and data submission requirements under TILA and the CARD Act (Regulation Z).

Updates: The technical specifications include registration information and the URL for the website at which issuers (or their designees) can submit the required information.

Background: Credit card issuers that are required to make quarterly credit card submissions to the bureau must register for the bureau’s “Collect” website by Nov. 1.