CFPB’s Proposed EWA Rule Sparks Debate
ThomsonReuters
OCTOBER 15, 2024
noted the significant change in posture regarding the CFPB’s new guidance that would classify EWA products as a form of credit subject to the TILA regulations from its previous 2020 advisory opinion, which created a safe harbor for certain EWA providers to avoid being subject to TILA. The proposal would also amend Code Sec.
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