Community Bankers Group Responds to CFPB: Don’t Punish Us for Actions of Reckless Credit Card Firms
On the heels of the CFPB's release of a study on the CARD Act, ICBA cautions that imposing costs and regulatory burdens on community banks for the misdeeds of others could drive them from the market, leaving the credit card market in the hands of a few large issuers. [10/4]