(The Hill) — The Consumer Financial Protection Bureau (CFPB) proposed a new rule Thursday that would categorize popular paycheck advance products as consumer loans, which the agency says will ensure ...

The Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years. Such programs, also known as earned wage access ...

Paycheck advance programs give workers instant access to their wages, with no need to wait for a bank deposit. But officials warn advances are essentially just loans that come with surprisingly high ...

The Consumer Financial Protection Bureau has proposed a rule that would treat the offerings as loans, requiring the providers to disclose their charges as interest rates. By Ann Carrns A growing ...

Concerned that Californians were being victimized by novel types of lenders, state lawmakers gave regulators broad power in 2021 to guard against unfair, deceptive and abusive practices in the ...

The Consumer Financial Protection Bureau proposed a rule Thursday that would force many paycheck advance providers to better disclose fees. Paycheck advances have risen in popularity and workers ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (The Hill) — The Consumer Financial ...