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Federal Register / Vol. 86, No. 160 / Monday, August 23, 2021 / Rules and Regulations
issuers are required to submit their annual reports for a given calendar year to the Bureau by the first business day on or after March 31 of the following calendar year.38

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The Submission Process The current process was first established by the Board in 2010 and has been left generally unchanged by the Bureau.39 Under that process, credit card issuers manually submit their annual report data as PDFs for agreements and as tab-delimited plain text files or as a Microsoft Excel Workbook for associated information that they send to the Bureau primarily via email. As with the TCCP Survey and quarterly credit card agreement submissions, Bureau staff must then manually review, catalog, and upload college credit card marketing agreements and data to the Bureaus website,40 which delays the provision of such information to the public.
Based on the Bureaus experience with issuer submissions through Collect as to the TCCP Survey and prepaid account agreements and agreement data, the Bureau believes that requiring issuers to submit college credit card marketing agreements and data using Collect will reduce the burden on issuers by eliminating the manual process and lessen the time required for Bureau staff to process the submissions and make the information available to the public. It will also provide a robust audit trail for issuers to track the receipt and contents of current and past submissions.
information about the card issuer and agreements submitted; a copy of any college credit card agreement to which the issuer was a party that was in effect at any time during the period covered by the report; a copy of any memorandum of understanding in effect at any time during the period covered by the report, as described by the regulation; the total dollar amount of any payments pursuant to a college credit card agreement from the card issuer to an institution of higher education or affiliated organization during the period covered by the report, and the method or formula used to determine such amounts; the total number of credit card accounts opened pursuant to any college credit card agreement during the period covered by the report; and the total number of credit card accounts opened pursuant to any such agreement that were open at the end of the period covered by the report.
38 12 CFR 1026.57d3.
39 See 75 FR 7658, 7923 Feb. 22, 2010 technical specifications for the quarterly credit card submission included in Attachment I to the Federal Register notice. The current technical specifications were updated by the Board on December 31, 2010, and are available on the Bureaus website, at http
files.consumerfinance.gov/f/201603_cfpb_
consumer-and-college-credit-card-agreementsubmission.pdf.
40 The Bureaus college credit card marketing agreement and data website is available at https
www.consumerfinance.gov/data-research/studentbanking/marketing-agreements-and-data/.

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Therefore, for the above reasons, issuers must submit their annual reports related to college credit card marketing agreements and data using Collect, starting with the submissions that are due on March 31, 2022,41 and continue to do so on an ongoing basis. That is, a card issuer that was a party to one or more college credit card marketing agreements in effect at any time during calendar year 2021 must use Collect to submit to the Bureau an annual report regarding those agreements by March 31, 2022. Subsequent annual submissions must also be made using Collect, on an ongoing basis. Issuers who do not already use Collect can begin the registration process immediately. Once the issuer receives its login credentials, the issuer will have the ability to start making the required submissions using Collect, starting in January 2022. See the Technical Specifications in part II below for additional information.
II. Technical Specifications A. Submission of Data on Credit Card Pricing and Availability TCCP Survey The Bureau has established Collect as the mandatory vehicle for submitting the TCCP Survey elements under TILA
section 136b.42 Issuers that have been selected by the Bureau to participate in the TCCP Survey cycle beginning on January 31, 2022, must submit the required information using Collect within 10 business days at the end of the Survey date i.e., no later than February 14, 2022. Selected issuers must also use Collect to make submissions for future TCCP Survey cycles. Collect can be accessed at https collect.consumerfinance.gov.
Issuers can begin the registration process for Collect immediately. To register, Survey respondents that have not already registered for Collect must complete a registration form and submit it to Collect_Support@cfpb.gov.43 The Collect registration form is available at https files.consumerfinance.gov/f/
documents/cfpb_collect-registration.pdf.
Once respondents receive their login credentials, they will be able to submit their TCCP Survey information.44
41 The annual reports are due to the Bureau by the first business day on or after March 31 of the following calendar year. 12 CFR 1026.57d3.
Because March 31, 2022, falls on a Thursday, the 2022 deadline is March 31, 2022.
42 15 U.S.C. 1646b.
43 For questions concerning the registration form, please contact the Collect Support Team at Collect_
Support@cfpb.gov.
44 TCCP Survey respondents who have not used Collect previously are encouraged to register as early as possible after they have received notification from the Bureau that they are required
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Collect uses interactive forms to guide respondents through the submission process. After submitting certain identifying information as required by the statute, respondents will be prompted to input the TCCP Survey information into Collect.
Compliance Resources For the TCCP Survey submissions required under TILA section 136b, the Bureau has published compliance resources to assist respondents in using Collect, including a user guide, a quick reference guide, frequently asked questions, and a webinar. These resources are available on the Bureaus website at https
www.consumerfinance.gov/dataresearch/credit-card-data/terms-creditcard-plans-survey/. The Bureau plans to update this website, as needed, to reflect changes made by these technical specifications. For technical assistance related to TCCP Survey submissions, Survey respondents can contact the Bureau at Collect_Support@cfpb.gov.
B. Quarterly Submission of Credit Card Agreements The Bureau has established Collect as the mandatory vehicle for credit card agreement submissions that must be made to the Bureau on a quarterly basis, pursuant to 12 CFR 1026.58. Collect can be accessed at https
collect.consumerfinance.gov. Issuers must use Collect to make their fourth quarter of calendar year 2021
submissions that reflect their agreements in effect as of December 31, 2021, by January 31, 2022. Issuers must also use Collect to make future quarterly credit card agreement submissions.
Issuers can begin the registration process for Collect immediately. To register, issuers that have not already registered for Collect must complete a registration form and submit it to Collect_Support@cfpb.gov by November 1, 2021.45 The Collect registration form is available at https
files.consumerfinance.gov/f/documents/
cfpb_collect-registration.pdf. Once submitters receive their login credentials, they will be able to review their current submissions and make the required submissions for the fourth to participate in the Survey, to confirm that they can successfully access the system. See also note 14.
45 Issuers who are not otherwise registered for Collect i.e., because they are TCCP Survey respondents already registered for Collect are encouraged to register as early as possible. For questions concerning the registration form, please contact the Collect Support Team at Collect_
Support@cfpb.gov.

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