The New Reg Z Rules and Household Income

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The Federal Reserve’s final Reg Z rules on individual ability to pay were meant to clarify card issuers’ responsibilities under the CARD Act. The intent to balance the responsibilities of lenders with consumer access to credit may prove an uneasy compromise. But we can be fairly certain the rules will keep the legal profession occupied.

Author: Ken Paterson
Published on: March 30, 2011

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