Fintech Credit & Earned Wage Advances

New forms of credit often attempt to evade consumer protection laws. Buy now pay later products, earned wage access products, credit features on banking and financial management apps, and other new fintech credit products all pose a number of risks. New underwriting methods also impact the safety of credit. NCLC works to ensure that new forms of credit have strong consumer protections.

American Banker: States must protect consumers from high-cost fintech cash advances

December 20, 2023

Advocates discuss how states are starting to grapple with purportedly new categories of small-dollar loans: earned wage advances and other types of fintech cash advances. 

Read More about: American Banker: States must protect consumers from high-cost fintech cash advances

From the NCLC Digital Library

Consumer Credit Regulation

Innovative thinking and precise authority on predatory lending and other consumer credit, including analysis on other players in consumer accounts and payment systems.

Read Chapter One

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