Lightspeed Research PowerPoint Template

Credit CARD Act – Consumer Protections(Continued)• Prohibits fee-based overdraft protection unlessconsumer opts in (February 22, 2010)Only 1 such fee per billing cycle and then only for atotal of three consecutive billing cycles if sameoverdraft continues• Prohibits issuers from charging separate fee to allow aconsumer to repay an extension of credit or financecharge except in case of expedited payment serviceusing live customer service representative (February 22,2010)Copyright © 2010 Alston+Bird LLP. Proprietary and Confidential. All rights reserved.7ALSTON+BIRD LLP