Credit Card Data Submission Changes

Just in case you missed it!  On August 20, 2021, the CFPB issued new technical specifications for complying with the credit card agreement and data submission requirements found in Regulation Z.

If you are required to submit credit card agreements to the CFPB as required by 12 CFR 1026.58, you must use the CFPB’s “Collect” website beginning with any submissions due in 2022. 

If you participate in the CFPB’s Terms of Credit Card Plans (TCCP) survey, the “Collect” website must also be used to submit survey data beginning with the February 14, 2022 deadline.  Use of this website was previously optional for survey responses.

You can register for “Collect” here if you have not previously done so.  Those who are required to submit credit card agreements on a quarterly basis must register by November 1st.

You can also review the technical specifications here.


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