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CFPB Finalizes Rule Limiting Credit Card Late Fees

Global Fintech & Digital Assets

By Barrie VanBrackle and Deric Behar On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule (the Rule) to amend Regulation Z, which implements the Truth in Lending Act (TILA) to limit credit card late fees.

CFPB 59
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The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption

Tearsheet

View the case study While the historical arrangement of paying employees bi-weekly remains the norm, around 20% of employers have veered toward a more flexible approach by introducing Earned Wage Access [EWA] as of 2023 in anticipation of increased employee satisfaction and better retention rates. Take, for example, DailyPay.