Consumer Financial Protection Bureau· Proposed Rule
Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work
Stage 2·168d PRORULE→RULE·comments close in 30d
SUMMARY: The Consumer Financial Protection Bureau (CFPB) is charged with promoting competition and innovation in consumer financial products and services. After careful study of emerging offerings in the paycheck advance marketplace, including those marketed as “earned wage advances” and “earned wage access,” the CFPB…
Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.