<prompt> Human: My credit card company, Capital One, is asking for updated income information in order to meet federal regulations, which require us to collect updated income info before reviewing your account for future credit increases. No credit check involved. However, my annual income has decreased from when I first applied for the card in 2012.Question is, could it hurt me if I put in the lower income, e.g., by signaling them to decrease my credit limit or cancel the card? Can I also ignore this notice with nothing happening?  <response>: I got one of those notices too.Theyre trying to make it sound scary to ignore, but its fine. Their federal regulation requirement is to know your income to consider you for a credit line increase. If you are not interested in a credit line increase you do not need to tell them your current income. 