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Credit CARD Act – Consumer Protections(Continued)• Issuers must consider cardholder ability to makeminimum payments when issuing credit cards(February 22, 2010)Must consider both assets/income and monthlyliabilities• Requires that payments in excess of minimum beallocated to highest APR balance first(February 22, 2010)Copyright © 2010 Alston+Bird LLP. Proprietary and Confidential. All rights reserved.8ALSTON+BIRD LLP
Credit CARD Act – Consumer Protections(Continued)• Payment due date must be the same each month (evenif falls on non-banking day) (February 22, 2010)Payments received on due date by 5:00 pm must beconsidered timelyPayments received on first banking day after due datemust be consider timely if issuer could not acceptsuch payment on the due date• Subprime Cards – If fees for credit access (other thanlate, OTL, or NSF fees) during first year exceed 25% ofavailable credit, none of such fees may be charged tothe account (February 22, 2010)Copyright © 2010 Alston+Bird LLP. Proprietary and Confidential. All rights reserved.9ALSTON+BIRD LLP
Page 1: Credit Card Issuers' Responses toU.
Page 4: Credit CARD Act - Consumer Protecti
Page 7: Credit CARD Act - Consumer Protecti
Page 11 and 12: Credit CARD Act - Enhanced Consumer
Page 13 and 14: Credit CARD Act - Protection of You
Page 15 and 16: About the Credit Card Terms Trackin
Page 17 and 18: Recent Highlights• In the weeks l
Page 19 and 20: Cardholders Receiving Changes in Te
Page 23 and 24: Comparison of Balance Transfer (and
Page 25 and 26: Specific Examples: Bank of America
Page 27 and 28: Specific Examples: Chase Changes in
Page 29 and 30: Specific Examples: Citi Special Off
Page 31 and 32: Specific Examples: New Easy-to-Unde
Page 33 and 34: New Card and Existing Account Offer
Page 35 and 36: Pricing / Duration Competitive Summ
Page 37 and 38: Promotional Rate Examples (Continue
Page 39 and 40: Debit Card OverdraftsCredit cards a
Page 41 and 42: Appendix Slides: Competitive Summar
Page 43 and 44: Appendix: Competitive Summary -- Pa
Page 45 and 46: Appendix: Competitive Summary -- Tr

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