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.