CFPB Making Changes to Credit Card Data Submission Process

The Consumer Financial Protection Bureau issued new technical specifications for the credit card agreement submission process. The CFPB’s Collect website is the mandatory vehicle for issuers to submit credit card agreements and their associated data in 2022 and beyond.

Issuers making credit card agreement submissions to the CFPB on a quarterly basis must complete a registration form and submit it to Collect_Support@cfpb.gov by Nov. 1, 2021.

Registered issuers will receive an email in early December with account credentials. Starting Dec. 1, once the issuer receives login credentials, they will have the ability to review current submissions and start making the required submissions using Collect. 

Credit unions can download an overview of important dates, including submission deadlines.