Minimum Periodic Payment-Regulation Reference

Posted By: Likes to Comply

Minimum Periodic Payment-Regulation Reference - 01/30/23 04:31 PM

Where in Regulation Z (reg. reference please), for credit cards, does it address disclosing what the minimum periodic payment will consist of, such as % of New Balance, any amount in excess of your Credit Limit, plus any amount past due?

Thank you in advance!
Posted By: rlcarey

Re: Minimum Periodic Payment-Regulation Reference - 01/31/23 02:15 PM

It is a contractual issue for credit cards.