The CFPB has given an approval order through its Compliance Assistance Sandbox Policy (CAS Policy) to Payactiv associated with its earned wage access (EWA) system.
The approval purchase confirms that PayactivвЂ™s EWA program described into the purchase will not include the providing or expansion of вЂњcreditвЂќ as defined by section 1026.2(a)(14) of Regulation Z, вЂ¦
CFPB to reconsider payday loan rule that is final
The CFPB announced today so it promises to participate in a rulemaking process to reconsider, pursuant towards the Administrative Procedure Act, its last guideline on Payday, car Title, and Certain High-Cost Installment Loans (the RuleвЂќ that isвЂњPayday). Continue reading