Joint Trades Letter Requesting CFPB Extend Deadline for Request for Comment on Report of Terms of Credit Card Plans

The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, National Association of Federally-Insured Credit Unions, and United States Chamber of Commerce write in regards to the Consumer Financial Protection Bureau (CFPB) Paperwork Reduction Act request for comment regarding the Report of Terms of Credit Card Plans (Form FR 2572) and Consumer and College Credit Card Agreements1 (Request) to request respectfully that the CFPB (1) issue a supplemental notice clarifying the specific proposed revisions to the existing information collection; and (2) extend the comment deadline to 60 days from the date of such a supplemental notice.