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Joint Comments in Support of CFPB's Proposed Interpretive Rule on Earned Wage Advances and the Appendix to those Comments

August 30, 2024

These joint comments support an interpretive rule proposed by the CFPB that would clarify that earned wage advance products are credit transactions.

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160+ Groups Urge Clear Fee Disclosures for Paycheck Advance Apps in Letter to the CFPB

August 29, 2024

Coalition letter calls for clearer cost and fee disclosures for workplace payday loans.

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165 Organizations and Academics Support the CFPB’s Paycheck Advance Interpretive Rules

August 29, 2024

The undersigned consumer, labor, civil rights, legal services and community organizations write in strongsupport of the Consumer Financial Protection Bureau’s proposed interpretive rule on emerging paycheckadvance products, sometimes marketed as “earned wage” products. Workers should not have to pay to be paid, and we support the CFPB’s efforts to guard against predatory lending in the…

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Federal Legislation Aims to Protect Consumers from Payment Fraud

August 2, 2024

The Protecting Consumers from Payment Scams Act will help stop consumers from losing billions of dollars each year to fraud.

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NCLC & Consumer Reports Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

August 1, 2024

Consumer Reports and the National Consumer Law Center, on behalf of its low-income comments, submitted comments on the Consumer Financial Protection Bureau’s (CFPB) proposed Interpretive Rule under the Truth in Lending (Regulation Z) on Use of Digital User Accounts to Access Buy Now, Pay Later Loans. As we described more fully in response to the…

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90 Consumer, Civil Rights and Community Organizations and Academics Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

August 1, 2024

The 90 undersigned consumer, civil rights and community organizations and academics submit these comments on the Consumer Financial Protection Bureau’s Interpretive Rule regarding buy now pay later (BNPL) credit. We support the CFPB’s conclusion that accounts used to access BNPL credit are credit cards that must comply with credit card rules governing disputes, errors, periodic…

Read More about 90 Consumer, Civil Rights and Community Organizations and Academics Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

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Joint Comments in Support of CFPB's Proposed Interpretive Rule on Earned Wage Advances and the Appendix to those Comments

160+ Groups Urge Clear Fee Disclosures for Paycheck Advance Apps in Letter to the CFPB

165 Organizations and Academics Support the CFPB’s Paycheck Advance Interpretive Rules

Federal Legislation Aims to Protect Consumers from Payment Fraud

NCLC & Consumer Reports Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

90 Consumer, Civil Rights and Community Organizations and Academics Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule