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DC Attorney General’s Office Takes Action Against EarnIn Over 300% APR Loans

November 20, 2024

Advocates Applaud Enforcement Action Against the Payday Advance App for Violating DC’s Interest Rate Cap and Deceiving Borrowers with False Claims and Advertising WASHINGTON – In an enforcement action filed yesterday by the Attorney General of the District of Columbia against the payday advance app EarnIn, the AG rejected EarnIn’s claim that its loans are…

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EarnIn Advance 2023 Spending Account

August 20, 2023

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EarnIn Spending Account

August 20, 2024

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CFPB Halts Worker Payday Loan Evasions

July 18, 2024

Advocates applauded the proposed interpretative rule released today by the Consumer Financial Protection Bureau (CFPB) to address evasions by fintech payday lenders that hide the cost of 300% annual percentage rate (APR) loans and evade state rate caps.

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CFPB’s SoLo Funds Enforcement Action is a Warning for Fintech Payday Lenders

May 20, 2024

The CFPB filed an enforcement action against SoLo Funds, a payday loan platform that disguises the cost of loans through purportedly voluntary “tips” and “donations.”

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Payments Dive: Consumer group pushes for stricter EWA protections

October 16, 2023

Appearing in Payments Dive on October 16, 2023, James Pothen covers policy recommendations issued by NCLC and the Center for Responsible Lending. Boston-based NCLC called out Missouri and Nevada for passing “industry-backed” EWA laws, saying they “lack any meaningful substitute consumer protections.” The NCLC has expressed concern that the burgeoning on-demand pay industry, which includes…

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Search Results

DC Attorney General’s Office Takes Action Against EarnIn Over 300% APR Loans

EarnIn Advance 2023 Spending Account

EarnIn Spending Account

CFPB Halts Worker Payday Loan Evasions

CFPB’s SoLo Funds Enforcement Action is a Warning for Fintech Payday Lenders

Payments Dive: Consumer group pushes for stricter EWA protections