Also known as the Truth in Lending Act (TILA), Regulation Z was created to protect people from predatory lending practices. It requires lenders to disclose borrowing costs, interest rates and fees ...

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 ...

Certain employer-partnered earned wage access products aren’t subject to U.S. lending laws, the bureau said, formally ...

A U.S. consumer finance agency said on Monday that popular "earned wage" advances on worker paychecks do not resemble ...

The issue isn’t a lack of innovation in credit scoring, but the fragmented architecture behind BNPL itself. Since not all ...

The dialogue during a 1975 legislative committee hearing regarding freedom of information and subsequent debates in both the ...

McGlinchey Stafford announced that litigator Jonathan C. Smith has joined the Financial Services Litigation team as an ...

Financial technology companies with any connection to an employer’s payroll data don’t have to make full loan disclosures to customers seeking early access to their paycheck, the Consumer Financial ...

The 2026 threshold for higher-priced mortgage loans will increase to $34,200, reflecting a 2.1% CPI-W increase.

Fifth Third Bank announced its intention to buy Comerica Bank in October in a $10.9 billion deal that Mike Bell, leader of the Financial Institutions practice at Detroit-based Honigman Law Firm, ...

Discover how the amount financed impacts loan terms, including installment payments and interest. Learn what upfront fees mean for your borrowing costs.

A coalition of mortgagees said the zombie seconds law negatively impacts 1.2 million junior liens statewide, despite just over 500 potential "zombie" loans.