Rule lifecycle · DOCKET:CFPB-2024-0032
Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work
Consumer Financial Protection Bureau — observed across 2 documents over 168 days. Use the source documents below before deciding whether this affects your business.
In plain English
The CFPB now requires lenders to fully disclose interest rates, fees, and terms when they offer credit to people waiting to receive paychecks or work income. If you offer wage advances, buy-now-pay-later, or other credit tied to future earnings, you must give borrowers clear cost and repayment information.
First seen
Jul 31, 2024
Last seen
Jan 15, 2025
Latest stage
Rule
PRORULE → RULE
168d
Stage timeline
Proposed·Jul 31, 2024
Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work
comments close Aug 30, 2024#2024-16827
Final·Jan 15, 2025
Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work
#2025-00381