Submission of Credit Card Agreements Under the Truth in Lending Act (Regulation Z), 19467 [2016-07815]
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19467
Rules and Regulations
Federal Register
Vol. 81, No. 65
Tuesday, April 5, 2016
This section of the FEDERAL REGISTER
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents. Prices of
new books are listed in the first FEDERAL
REGISTER issue of each week.
BUREAU OF CONSUMER FINANCIAL
PROTECTION
12 CFR Part 1026
Submission of Credit Card Agreements
Under the Truth in Lending Act
(Regulation Z)
Bureau of Consumer Financial
Protection.
ACTION: Notice of expiration of
suspension.
AGENCY:
The Truth in Lending Act
(TILA) and Regulation Z require credit
card issuers to submit their currentlyoffered credit card agreements to the
Bureau of Consumer Financial
Protection (Bureau), to be posted on the
Bureau’s Web site. In April 2015, the
Bureau suspended that submission
obligation for a period of one year. That
suspension has expired, and the next
submission is due on the first business
day on or after April 30, 2016 (i.e., May
2, 2016). Credit card issuers should visit
the Bureau’s Web site for instructions
on submitting credit card agreements.
DATES: Credit card issuers are required
to submit to the Bureau the agreements
they offered to the public as of March
31, 2016, on or before May 2, 2016.
FOR FURTHER INFORMATION CONTACT:
Thomas L. Devlin, Counsel, or Kristine
M. Andreassen, Senior Counsel, Office
of Regulations, Consumer Financial
Protection Bureau, 1700 G Street NW.,
Washington, DC 20552, at 202–435–
7700.
SUMMARY:
In April
2015, the Bureau amended Regulation Z
(12 CFR part 1026), which implements
TILA, and the official interpretation to
that regulation, to temporarily suspend
card issuers’ obligations to submit credit
card agreements to the Bureau for a
period of one year i.e., the four quarterly
submissions due to the Bureau by the
first business day on or after April 30,
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SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
13:15 Apr 04, 2016
Jkt 238001
2015; July 31, 2015; October 31, 2015;
and January 31, 2016, respectively.1
The suspension began with the
submission that would have been due
on the first business day on or after
April 30, 2015, and ended with the
submission that would have been due
on the first business day on or after
January 31, 2016. Accordingly, card
issuers must resume submitting
agreements to the Bureau with the
submission due on the first business day
on or after April 30, 2016 (i.e., May 2,
2016), covering credit card agreements
that were offered to the public as of
March 31, 2016.2 Regulation Z
§ 1026.58(g) and comment 58(g)–2
describe which agreements must be
submitted to the Bureau as part of the
submission due on May 2, 2016.
Regulation Z provides that card
issuers shall submit their currentlyoffered agreements ‘‘in the form and
manner specified by the Bureau.’’ 3
Updated submission instructions are
available through the Bureau’s Web
site.4 Card issuers’ obligations to post
currently-offered credit card agreements
on their publicly available Web sites,
and to make agreements for open
accounts available to cardholders, were
not affected by the suspension.5
Dated: March 28, 2016.
Richard Cordray,
Director, Bureau of Consumer Financial
Protection.
[FR Doc. 2016–07815 Filed 4–4–16; 8:45 am]
BILLING CODE 4810–AM–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2014–1047; Directorate
Identifier 2014–NM–157–AD; Amendment
39–18449; AD 2016–07–04]
RIN 2120–AA64
Airworthiness Directives; Airbus
Airplanes
Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
AGENCY:
1 80
FR 21153 (Apr. 17, 2015).
CFR 1026.58(g)(1).
3 12 CFR 1026.58(c)(1).
4 https://www.consumerfinance.gov/credit-cards/
agreements/.
5 12 CFR 1026.58(d), (e), (g)(2).
2 12
PO 00000
Frm 00001
Fmt 4700
Sfmt 4700
ACTION:
Final rule.
We are adopting a new
airworthiness directive (AD) for certain
Airbus Model A318, A319, A320, and
A321 series airplanes. This AD was
prompted by a report that, during the
assembly process, several gaps between
the two parts of the girt bar fittings for
the aft passenger doors were found to
exceed tolerances. This AD requires an
inspection of the gap between the two
parts of the girt bar fittings on left-hand
(LH) and right-hand (RH) aft passenger
doors, and corrective actions if
necessary. We are issuing this AD to
detect and correct incorrect gaps
between the girt bar fittings. Detachment
of a girt bar could lead to the separation
of the slide or slide-raft from the
fuselage, making the emergency exit
inoperative, which could impede an
emergency evacuation.
DATES: This AD becomes effective May
10, 2016.
The Director of the Federal Register
approved the incorporation by reference
of a certain publication listed in this AD
as of May 10, 2016.
ADDRESSES: For service information
identified in this final rule, contact
Airbus, Airworthiness Office—EIAS, 1
Rond Point Maurice Bellonte, 31707
Blagnac Cedex, France; telephone +33 5
61 93 36 96; fax +33 5 61 93 44 51; email
account.airworth-eas@airbus.com;
Internet https://www.airbus.com. You
may view this referenced service
information at the FAA, Transport
Airplane Directorate, 1601 Lind Avenue
SW., Renton, WA. For information on
the availability of this material at the
FAA, call 425–227–1221. It is also
available on the Internet at https://
www.regulations.gov by searching for
and locating Docket No. FAA–2014–
1047.
SUMMARY:
Examining the AD Docket
You may examine the AD docket on
the Internet at https://
www.regulations.gov by searching for
and locating Docket No. FAA–2014–
1047; or in person at the Docket
Management Facility between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal holidays. The AD docket
contains this AD, the regulatory
evaluation, any comments received, and
other information. The street address for
the Docket Office (telephone 800–647–
5527) is Docket Management Facility,
E:\FR\FM\05APR1.SGM
05APR1
]]>Agencies
[Federal Register Volume 81, Number 65 (Tuesday, April 5, 2016)]
[Rules and Regulations]
[Page 19467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07815]
========================================================================
Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
Prices of new books are listed in the first FEDERAL REGISTER issue of each
week.
========================================================================
Federal Register / Vol. 81, No. 65 / Tuesday, April 5, 2016 / Rules
and Regulations
[[Page 19467]]
BUREAU OF CONSUMER FINANCIAL PROTECTION
12 CFR Part 1026
Submission of Credit Card Agreements Under the Truth in Lending
Act (Regulation Z)
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice of expiration of suspension.
-----------------------------------------------------------------------
SUMMARY: The Truth in Lending Act (TILA) and Regulation Z require
credit card issuers to submit their currently-offered credit card
agreements to the Bureau of Consumer Financial Protection (Bureau), to
be posted on the Bureau's Web site. In April 2015, the Bureau suspended
that submission obligation for a period of one year. That suspension
has expired, and the next submission is due on the first business day
on or after April 30, 2016 (i.e., May 2, 2016). Credit card issuers
should visit the Bureau's Web site for instructions on submitting
credit card agreements.
DATES: Credit card issuers are required to submit to the Bureau the
agreements they offered to the public as of March 31, 2016, on or
before May 2, 2016.
FOR FURTHER INFORMATION CONTACT: Thomas L. Devlin, Counsel, or Kristine
M. Andreassen, Senior Counsel, Office of Regulations, Consumer
Financial Protection Bureau, 1700 G Street NW., Washington, DC 20552,
at 202-435-7700.
SUPPLEMENTARY INFORMATION: In April 2015, the Bureau amended Regulation
Z (12 CFR part 1026), which implements TILA, and the official
interpretation to that regulation, to temporarily suspend card issuers'
obligations to submit credit card agreements to the Bureau for a period
of one year i.e., the four quarterly submissions due to the Bureau by
the first business day on or after April 30, 2015; July 31, 2015;
October 31, 2015; and January 31, 2016, respectively.\1\
---------------------------------------------------------------------------
\1\ 80 FR 21153 (Apr. 17, 2015).
---------------------------------------------------------------------------
The suspension began with the submission that would have been due
on the first business day on or after April 30, 2015, and ended with
the submission that would have been due on the first business day on or
after January 31, 2016. Accordingly, card issuers must resume
submitting agreements to the Bureau with the submission due on the
first business day on or after April 30, 2016 (i.e., May 2, 2016),
covering credit card agreements that were offered to the public as of
March 31, 2016.\2\ Regulation Z Sec. 1026.58(g) and comment 58(g)-2
describe which agreements must be submitted to the Bureau as part of
the submission due on May 2, 2016.
---------------------------------------------------------------------------
\2\ 12 CFR 1026.58(g)(1).
---------------------------------------------------------------------------
Regulation Z provides that card issuers shall submit their
currently-offered agreements ``in the form and manner specified by the
Bureau.'' \3\ Updated submission instructions are available through the
Bureau's Web site.\4\ Card issuers' obligations to post currently-
offered credit card agreements on their publicly available Web sites,
and to make agreements for open accounts available to cardholders, were
not affected by the suspension.\5\
---------------------------------------------------------------------------
\3\ 12 CFR 1026.58(c)(1).
\4\ https://www.consumerfinance.gov/credit-cards/agreements/.
\5\ 12 CFR 1026.58(d), (e), (g)(2).
Dated: March 28, 2016.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2016-07815 Filed 4-4-16; 8:45 am]
BILLING CODE 4810-AM-P
