On December 23, the CFPB issued an advisory opinion stating earned wage access products fall outside the definition of credit under TILA’s Regulation Z, withdrawing a Biden-era proposed interpretive ...

The Consumer Financial Protection Bureau in an advisory opinion said that "covered" earned wage access products should not be considered an extension of credit under the Truth in Lending Act. It also ...

The Consumer Financial Protection Bureau (CFPB) has re-emerged with a somewhat more business-friendly focus and emphasis on enforcing federal consumer protection law. Perhaps the biggest news that ...

Part of the Truth in Lending Act, Regulation Z helps consumers understand the true cost of borrowing money and protects them from misleading or harmful lending practices. Regulation Z applies to many ...

The rules represent the biggest change to fair lending regulations since the 1970s. But the ability of the CFPB to adequately defend its rulemaking is in question after large staffing cuts this year.

Arising from the ashes of the 2007–2009 financial crisis, the Consumer Financial Protection Bureau (CFPB) was designed to protect consumers from being taken advantage of by financial institutions.