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Finance & markets · 31/07/2024Updated: 10/17/2026 · 1 min read

CFPB Proposes Rule to Clarify Paycheck Advance Regulations

Summary

The Consumer Financial Protection Bureau (CFPB) is proposing a new interpretive rule to help market participants determine when certain requirements under Federal law are triggered for paycheck advances, including earned wage advances and earned wage access, in an effort to promote competition and innovation in consumer financial products and services.

Original source language: Federal Register — Consumer Financial Protection BureauOpen original release →

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