Credit Card Digest

Our Credit Card Digest is a compilation of relevant state consumer credit card and related laws applicable to out-of-state national banks, federally insured state-chartered banks and industrial loan companies.  The topics include: 

• State-by-state regulatory overview
• Finance charges and payments
• • Finance charge rates
  • Balance calculation methods
  • Grace periods
  • Compounding of finance charges and fees
  • Variable rates
  • Application of payments
  • Minimum payment and loan term
• Fees
• • Late fees
  • Annual fees
  • Overlimit fees
  • Returned check fees
  • Cash advance fees
  • Transaction fees
  • Attorneys’ fees and costs
  • Copy fees
  • Replacement card fees
  • Stop payment fees
  • Currency conversion fees
  • Unauthorized fees
• Disclosures
• • Application
  • Agreement
  • Periodic statement
  • Advertising
  • Adverse action notices
  • Co-signer notices
  • Notices of default
  • Credit card
• Change in terms
• Limitations on creditor rights
• Special rules regarding credit cards
• • Unsolicited credit cards
  • Liability for unauthorized use
• Stop Payment Orders
• Licensing and Supervision
• Penalties
• • Usury
  • Fees
  • Disclosure
  • Licensing
  • Miscellaneous
• Security interests in personal property
• Fair credit reporting
• Equal credit opportunity
• Fair credit billing
• Fair debt collection practices
• Plain language
• Telephone solicitation
• Statutes of frauds
• Transaction forms and sales slips
• Other restrictions pertinent to credit cards