CFPB’s First Survey Examines How Public Perceives Impact of CARD Act

By  |  February 22, 2011
 | 

The CFPB commissioned its first survey to explore how people perceive some of the changes made by the Credit CARD Act.

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    When asked if credit card bills are now easier to read and understand, 60% of those surveyed responded yes. Another question addressed the affect of observing the yearly total amount of interest and fees on credit card bills. Thirty percent of those making under $25,000 said they are paying more than the minimum balance each month, as compared with 16% of those making over $75,000.

    Click here to view the full results. The CFPB has also released the following factsheet, “The CARD Act: One Year Later.”

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