Consumer Financial Protection Circular 2024-07: Design, Marketing, and Administration of Credit Card Rewards Programs

摘要

The Consumer Financial Protection Bureau (Bureau or CFPB) has issued Consumer Financial Protection Circular 2024-07 titled, "Design, marketing, and administration of credit card rewards programs." In this circular, the CFPB responds to the question, "Can credit card issuers violate the law if they or their rewards partners devalue earned rewards or otherwise inhibit consumers from obtaining or redeeming promised rewards?"