Consumer groups urge CFPB to regulate fee-based earned wage access products as credit
CFPB Monitor
OCTOBER 20, 2021
A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.
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