US regulators extend comment period for card rules

US - Regulators have extended the comment period on their draft guidance aimed at improving banks' credit card lending policies to 23 September and said they will soon issue further statements on the guidance.

The deadline was originally set for 9 August.

Regulators last month issued the draft guidance, citing "inappropriate" practices among institutions engaged in credit card lending and advocating stricter standards.

"Recent examinations of institutions engaging in credit card lending have d