Data / Federal rules / 2024-05011
Credit Card Penalty Fees (Regulation Z)
The Consumer Financial Protection Bureau published this final rule in the Federal Register on March 15, 2024. It took effect on May 14, 2024.
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What the agency says
The Consumer Financial Protection Bureau (CFPB or Bureau) amends Regulation Z, which implements the Truth in Lending Act (TILA), to address late fees charged by card issuers that together with their affiliates have one million or more open credit card accounts (referred to as "Larger Card Issuers" herein). This final rule adopts a late fee safe harbor threshold of $8 for those issuers and provides that the annual adjustments to reflect changes in the Consumer Price Index (CPI) do not apply to this $8 amount.
Key facts
- Document number
- 2024-05011
- Type
- Final rule
- Action
- Final rule; official interpretation
- Agency
- Consumer Financial Protection Bureau
- Published
- March 15, 2024
- Takes effect
- May 14, 2024
- Dates
- Effective date: May 14, 2024.
- Docket
- Docket No. CFPB-2023-0010
- Regulation ID (RIN)
- 3170-AB15
- Code of Federal Regulations
- 12 CFR 1026
- Topics
- Advertising; Banks, banking; Consumer protection; Credit; Credit unions; Mortgages; Reporting and recordkeeping requirements; Savings associations
- Pages
- 96
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| Small Business Lending Under the Equal Credit Opportunity Act (Regulation B) 2026-08494 · significant | Final rule | May 1 |
| Equal Credit Opportunity Act (Regulation B) 2026-07804 · significant | Final rule | Apr 22 |
| Equal Credit Opportunity Act (Regulation B) C1-2025-19864 · significant | Proposed rule | Feb 25 |
| Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold 2026-00087 | Final rule | Jan 7 |
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Everything from the Consumer Financial Protection Bureau · Rules on advertising · Rules on banks, banking · Rules on consumer protection · Published in March 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.