CFPB statement, FAQs outline billing error responsibilities

Standard

The CFPB released a statement and FAQ document outlining the responsibility of credit card issuers and open-end non-home secured creditors during the pandemic, detailing billing error responsibilities under Regulation Z, the payments and deposits rule, and the open end (not home-secured) rules.

https://news.cuna.org/articles/117810-cfpb-statement-faqs-outline-billing-error-responsibilities