Posted By: Compliance Poster
MLA & Comparing Credti Card Fees to Issuers - 12/18/19 06:59 PM
The rules on comparing credit card fees to five or more creditors of whose U.S. credit cards is at least $3 billion in an outstanding balance also states “at any time during the three-year period preceding the time such average is computed.”
Will you please help me on the meaning of this phrase as relates to the timing of the comparison? I was under the impression that the comparison should be done on an annual basis. Your advise would be appreciated.
Will you please help me on the meaning of this phrase as relates to the timing of the comparison? I was under the impression that the comparison should be done on an annual basis. Your advise would be appreciated.