Truth in Lending: 56(g) Continuing right to opt in or revoke opt-in.
1. Fees or charges for over-the-limit transactions incurred prior to revocation. Section 1026.56(g) provides that a consumer may revoke his or her prior consent at any time. If a consumer does so, this provision does not require the card issuer to waive or reverse any over-the-limit fees or charges assessed to the consumer’s account for transactions that occurred prior to the card issuer’s implementation of the consumer’s revocation request.