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

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 ...

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 ...

On December 15, the Board of Governors of the Federal Reserve System and the CFPB issued joint final rules amending the official interpretations to their regulations implementing the Consumer Leasing ...

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

Rohit Chopra, director of the Consumer Financial Protection Bureau, said the agency's forthcoming proposal to treat earned wage access payroll advances as loans subject to Truth in Lending ...

Learn how the Schumer Box simplifies credit card rates and fees, empowering you to compare offers confidently and make ...

WASHINGTON, DC - DECEMBER 15: Consumer Financial Protection Bureau Director Rohit Chopra testifies before the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate Office Building ...

Vanderbilt Mortgage & Finance, part of Warren Buffett’s conglomerate Berkshire Hathaway, has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and ...