A card issuer may not open any credit card account for any consumer under an open end consumer credit plan, or increase any credit limit applicable to such account, unless the card issuer considers the ability of the consumer to make the required payments under the terms of such account.
Structure US Code
CHAPTER 41— CONSUMER CREDIT PROTECTION
SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE
Part C— Credit Advertising and Limits on Credit Card Fees
§ 1661. Catalogs and multiple-page advertisements
§ 1662. Advertising of downpayments and installments
§ 1663. Advertising of open end credit plans
§ 1664. Advertising of credit other than open end plans
§ 1665. Nonliability of advertising media
§ 1665a. Use of annual percentage rate in oral disclosures; exceptions
§ 1665b. Advertising of open end consumer credit plans secured by consumer’s principal dwelling
§ 1665c. Interest rate reduction on open end consumer credit plans
§ 1665d. Reasonable penalty fees on open end consumer credit plans