Fintech Finance
JULY 19, 2024
The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act.
Tearsheet
MARCH 27, 2024
While the Consumer Financial Protection Bureau [CFPB] plans to issue further guidance to provide greater clarity concerning the application of federal law to income-based advance products, several states have taken individual legislative actions targeting EWA in recent months.
Global Fintech & Digital Assets
MARCH 8, 2024
The rule targets a statutory loophole that the CFPB asserts large credit card issuers exploited to exact excessive late fees from consumers. Conclusion The Rule is another win for the consumer financial regulator against what it calls “junk fee harvesting” in the banking and credit sectors.
Expert insights. Personalized for you.
105 
Let's personalize your content