§ 1646. Dissemination of annual percentage rates; implementation, etc.
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/usc/title-15/section-1646A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Annual percentage rates The Bureau shall collect, publish, and disseminate to the public, on a demonstration basis in a number of standard metropolitan statistical areas to be determined by the Bureau, the annual percentage rates charged for representative types of nonsale credit by creditors in such areas. For the purpose of this section, the Bureau is authorized to require creditors in such areas to furnish information necessary for the Bureau to collect, publish, and disseminate such information.
(b)Credit card price and availability information
(1)Collection required The Bureau shall collect, on a semiannual basis, credit card price and availability information, including the information required to be disclosed under section 1637(c) of this title, from a broad sample of financial institutions which offer credit card services.
(2)Sample requirements The broad sample of financial institutions required under paragraph
(1)shall include—
(A)the 25 largest issuers of credit cards; and
(B)not less than 125 additional financial institutions selected by the Bureau in a manner that ensures—
(i)an equitable geographical distribution within the sample; and
(ii)the representation of a wide spectrum of institutions within the sample.
(3)Report of information from sample Each financial institution in the broad sample established pursuant to paragraph
(2)shall report the information to the Bureau in accordance with such regulations or orders as the Bureau may prescribe.
(4)Public availability of collected information; report to Congress The Bureau shall—
(A)make the information collected pursuant to this subsection available to the public upon request; and
(B)report such information semiannually to Congress.
(c)Implementation The Bureau is authorized to enter into contracts or other arrangements with appropriate persons, organizations, or State agencies to carry out its functions under subsections
(a)and
(b)and to furnish financial assistance in support thereof.
(Pub. L. 90–321, title I, § 136, as added Pub. L. 96–221, title VI, § 618(a), Mar. 31, 1980, 94 Stat. 183; amended Pub. L. 100–583, § 5, Nov. 3, 1988, 102 Stat. 2967; Pub. L. 111–203, title X, § 1100A(2), July 21, 2010, 124 Stat. 2107.)
Connections27 cite this · traces to 3
Cited by 27 sections · top 22
U.S. Code
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- NoticesBoard of Governors of the Federal Reserve System
- NoticesBoard of Governors of the Federal Reserve System
- Proposed RulesRegulatory review and request for comments; request for information regarding consumer credit card market
- Proposed RulesProposed rule; request for public comment
- Rules and RegulationsRescission of statement of policy
- NoticesFEDERAL RESERVE SYSTEM
- Proposed RulesNotice
- UnknownNotification of technical specifications; procedural rule
- NoticesNotice
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- Rules and RegulationsBoard of Governors of the Federal Reserve System
- Rules and RegulationsFEDERAL RESERVE SYSTEM
- NoticesNotice of section 610 review and request for comments; request for information regarding consumer credit card market
statutes-at-large
- Public Law 106–569To expand homeownership in the United States, and for other purposes
- Public Law 96–221To facilitate the implementation of monetary policy, to provide for the gradual elimination of all limitations on the rates of interest which are payable on deposits and accounts, and to authorize interest-bearing transaction accounts, and for other purposes
- Public Law 100–583To provide for more detailed and uniform disclosure by credit and charge card issuers with respect to information relating to interest rates and other fees which may be incurred by consumers through the use of any credit or charge card
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- Pub. L. 90–321, title I, § 136
- Pub. L. 96–221, title VI, § 618(a)
- 94 Stat. 183
- Pub. L. 100–583, § 5
- 102 Stat. 2967
- Pub. L. 111–203, title X, § 1100A(2)
- 124 Stat. 2107
- Pub. L. 111–203
- Pub. L. 100–583
- section 1100H of Pub. L. 111–203
- section 625 of Pub. L. 96–221
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§ 1646
Dissemination of annual percentage rates; implementation, etc.
Fed. Reg.×18
U.S.C.×4
Stat.×3
Stat. Comp.×2
Pub. L.Pub. L. 90–321, title I, § 136
Pub. L.Pub. L. 96–221, title VI, § 618(a)
Stat.94 Stat. 183
Pub. L.Pub. L. 100–583, § 5
Stat.102 Stat. 2967
Cites 14 · showing 8Cited by 27 across 4 sources