Consumer News Cfpb S Payday Lending Rule Takes Effect March 30, Court Orders
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CFPB Poised to Exempt Some Fintech Cash Advances From Loan Rules
The Consumer Financial Protection Bureau is set to release guidance stating that some products offering workers early access to their pay aren’t subject to loan disclosure rules. Read More
CFPB: Earned wage access is not credit
The Consumer Financial Protection Bureau in an advisory opinion said that "covered" earned wage access products should not be considered an extension of credit under the Truth in Lending Act. It also ... Read More
A Court Just Ruled That CFPB's Funding Is Unconstitutional, and That Could Be ‘Catastrophic' for Mortgage Markets
A court tossed out a regulation written by the Consumer Financial Protection Bureau for payday lenders last week, saying the agency's funding was unconstitutional and that it, therefore, lacked the ... Read More
CFPB's Funding Nearly Exhausted
In a recent court filing, OMB Director Russell Vought contends that the Bureau is legally barred from drawing funds from the Federal Reserve, the mechanism through which it has traditionally been ... Read More
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