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1.5.3.4.6 Other post-2010 rulemaking

The CFPB published an interim final rule on appraiser independence on October 28, 2010, effective in part on December 27, 2010, and in part on April 1, 2011.270

In 2012, in order to conform to an adverse court decision, the CFPB adopted an interim final rule that permits subprime fee harvester credit cards to charge pre-account opening fees that exceed the cap on fees that Congress enacted in 2009.271 It finalized the revision in 2013.272

The CFPB also adopted a rule making it easier for stay-at-home spouses and others to qualify for credit cards based on household income even if the consumer does not have an independent ability to pay.273

Footnotes

  • 270 {236} 75 Fed. Reg. 66,554 (Oct. 28, 2010).

  • 271 {237} 77 Fed. Reg. 21,875 (Apr.12, 2012).

  • 272 {238} 78 Fed. Reg. 18,795 (Mar. 28, 2013).

  • 273 {239} 78 Fed. Reg. 25,818 (May 2, 2013).