Why fintechs want the CFPB—not states—to rule on earned wage access

The American Fintech Council has asked Rohit Chopra, director of the Consumer Financial Protection Bureau, to…

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Fintech trade group sends letter to Director Chopra urging CFPB to develop regulatory approach for earned wage access products

The American Fintech Council (AFC), a trade group whose members include providers of earned wage access…

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Earned Wage Access Products Are Not Loans, According to the AG of Montana

On December 22, 2023, the Attorney General of Montana released an opinion (the “Opinion”) concluding that…

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UK, Switzerland Sign Financial Services Deal on Market Access

(Bloomberg) — The UK and Switzerland signed an agreement to recognize each other’s laws and regulations…

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CFPB publishes language access plan for consumers with limited English proficiency

Throughout the past few years, the CFPB has sought input from a range of stakeholders, including…

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