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 lenders pro… ...

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 ...

The CFPB’s action on employer-sponsored paycheck advance programs follows previous efforts to crack down on exploitative payday loan products, which have a reputation for high interest rates and ...

A new Consumer Financial Protection Bureau proposed rule would treat paycheck advance "earned wage" products as consumer loans, subject to the Truth In Lending Act's loan cost disclosures.

This is one reason why “paycheck advance” programs have gotten so popular. One watchdog group wants to crack down on these programs.

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 lenders ...

The CFPB last month proposed new rules to directly supervise firms that handle more than 5 million payment transactions annually. The rules would encompass 17 firms, including Apple, Google and ...

This is one reason why “paycheck advance” programs have gotten so popular. One watchdog group wants to crack down on these programs.

The Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years.

“Paycheck advance products are often marketed to and designed for employers, rather than employees,” CFPB Director Rohit Chopra said.