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CFPB Finalizes the Credit Card Late Payment Fee Rule: What’s Next?

Jehan Patterson, Andrew Doersam, and Jeremy R Mandell

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The CFPB finalized its proposal to amend Regulation Z, which implements the Truth in Lending Act (TILA) requirement that late payment fees charged on credit card accounts are “reasonable and proportional” to the omission or violation. It is anticipated that the final rule will have significant economic, compliance, and operational impacts on the credit card market. This panel will explore those potential economic impacts, potential challenges, and compliance considerations related to the final rule.


The content of this program does not meet requirements for continuing legal education (CLE) accreditation. You will not receive CLE credit for participating.