Fintech Credit Products

Data on Earned Wage Advances and Fintech Payday Loan “Tips” Show High Costs for Low-Wage Workers

April 10, 2023

Data collected by the California Department of Financial Protection and Innovation (DFPI) on earned wage advances and other fintech payday loans show a cycle of repeat use and high costs typical of traditional payday loans.  DFPI analyzed data covering nearly 6 million transactions by California consumers from seven companies. Three companies had a tip-based model…

Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”

May 2, 2022

NCLC’s Saunders Testifies on Buy Now, Pay Later and Other Fintech Cashflow Products

November 1, 2021

Featured

View All for Featured

American Banker: State efforts to regulate earned wage access are heating up

May 19, 2023

CA, CT, DC Issue Orders Against Fintech Payday Loans that Solicit “Tips”

May 18, 2023

Comments on California DFPI Proposed Rules on Earned Wage Advances and Other Fintech Cash Advances

May 17, 2023

Comments to California Department of Financial Protection and Innovation Regarding Education Financing and Student Debt Relief Services

May 17, 2023

California DFPI Should Prevent Fintech Predatory Lending, Expand Protections in Earned Wage Advance Proposal

May 17, 2023

Letter Opposing Nevada Earned Wage Advance Bill

May 9, 2023

Earned Wage Advances and Other Fintech Payday Loans: Workers Shouldn’t Pay to be Paid

April 20, 2023

NPR: Apple rolls out Apple Pay Later — a buy now, pay later service

March 30, 2023

California to Regulate Fintech Payday Loans

March 17, 2023

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