Who regulates the credit card industry?

Answer For nationally chartered banks, the office of the Comptroller of the Currency, or OCC, is in charge of regulating credit cards. Nonprofit issued cards, such as those from a credit union, are regul... Read More »

Top Q&A For: Who regulates the credit card industry

What agency regulates credit card companies?

The Federal Deposit Insurance Corporation (FDIC) regulates credit card companies. The FDIC is an agency of the federal government and regulates issuance and liability rules for credit cards that e... Read More »

Who regulates the credit card processing centers?

The credit card industry and the credit card processing centers are monitored by the FDIC, the Federal Trade Commission, the Antitrust Division of the Department of Justice and Congress, as well as... Read More »

What government agency regulates credit card fraud?

The Federal Trade Commission is the government agency that regulates credit card fraud. The Bureau of Consumer Protection is the branch of the FTC that is specifically responsible for credit and l... Read More »

When did the credit card industry first start?

The first universal consumer credit card was issued by Bank of America in 1958. The card featured a revolving credit line and was made available to about 60,000 people in Fresno, California. The Ba... Read More »